BTIG affirms Prologis (NYSE: PLD) at Buy with a price target of $60 after the company issued strong Q3 results and boosted guidance.

The firm summarized: Prologis reported 3Q16 core FFO/sh of $0.73, $0.03 higher than our estimate and the Street. The company raised its FY guide by $0.015 to $2.565 at the mid-point. The new guide appears conservative given the $0.03 outperformance in 3Q, higher FY SSNOI guide (up 65bps to 5.65%), and positive leasing momentum.

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