Citi Assumes ProLogis (PLD) at Buy

October 4, 2022 6:23 AM EDT
Get Alerts PLD Hot Sheet
Price: $130.27 -0.89%

Rating Summary:
    23 Buy, 6 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 18 | New: 26
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Citi analyst Nicholas Joseph assumes coverage on ProLogis (NYSE: PLD) with a Buy rating and a price target of $120.00.

The analyst commented, "We believe PLD can continue to outperform, given strong coastal infill industrial fundamentals, development value creation potential, and a lower cost of capital vs. peers."

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 $104.36 yesterday.

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