In a report released yesterday, Ki Bin Kim from Truist Financial maintained a Buy rating on Prologis (PLD – Research Report), with a price target of $125.00. The company’s shares closed yesterday at $102.05.
Bin Kim covers the Real Estate sector, focusing on stocks such as First Industrial Realty, Eastgroup Properties, and Prologis. According to TipRanks, Bin Kim has an average return of 8.1% and a 58.36% success rate on recommended stocks.
In addition to Truist Financial, Prologis also received a Buy from Bank of America Securities’s Camille Bonnel in a report issued yesterday. However, on April 22, BMO Capital downgraded Prologis (NYSE: PLD) to a Hold.
PLD market cap is currently $98.73B and has a P/E ratio of 31.51.
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Prologis (PLD) Company Description:
Prologis, Inc. is a real estate investment trust which is engaged in the logistics real estate business. The company owns, operates and develops industrial real estate, with a focus on the consumption side of the global supply chain.
Read More on PLD:
- Prologis price target lowered to $123 from $135 at Barclays
- Prologis price target lowered to $125 from $142 at Truist
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- Prologis price target lowered to $120 from $139 at Argus
