ProLogis (PLD) could issue 'beat and raise' amid strong industrial demand - Goldman Sachs

Goldman Sachs analyst Caitlin Burrows reiterated a Buy rating on ProLogis (NYSE: PLD) after increase their industrial demand forecast using updated eCommerce sales estimates.

"We now expect 2023 industrial net absorption to be 423 mn SF, up from our previous estimate of 353 mn SF, giving us more reason to believe PLD (Buy-Rated) could beat and raise when they report earnings on April 18," the analyst commented.

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 $123.74 yesterday.

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