Prologis (PLD) Reports Q2 FFO of $0.60; Updates FY16 FFO Outlook

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Go back to Prologis (PLD) Reports Q2 FFO of $0.60; Updates FY16 FFO Outlook

Credit Suisse Downgrades ProLogis (PLD) to Neutral

July 20, 2016 12:57 PM EDT

Credit Suisse downgraded ProLogis (NYSE: PLD) from Outperform to Neutral with a price target of $48.00 on relative valuation.

Analyst Ian Weissman commented, "PLD trades in-line to NAV versus the CS industrial peer group and at a 6% discount to DCT, which we believe... More