Goldman Sachs Starts ProLogis (PLD) at Conviction Buy

Goldman Sachs analyst Caitlin Burrows initiates coverage on ProLogis (NYSE: PLD) with a Conviction Buy rating and a price target of $87.00.

• Says the company's pricing power is underappreciated along with development potential.
• "While smaller portfolios can generate strong demand due to specific property locations and customer relationships, we believe this opportunity is even more significant with a larger footprint."

For an analyst ratings summary and ratings history on ProLogis click here. For more ratings news on ProLogis click here.

Shares of ProLogis closed at $75.30 yesterday.

You May Also Be Interested In

• BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)
• KinderCare Learning Companies (KLC) PT Lowered to $4.50 at UBS