Wells Fargo Upgrades ProLogis (PLD) to Outperform
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June 13, 2013 11:56 AM EDT
With bond yields rising, investors are increasingly interested in how equities will response to expectations of Fed tapering. Commenting, Keybanc analyst Jordan Sadler note that Fed stimulus appears to have reached an inflection point, and accordingly he shifted sector weighting recommendations for REITS toward the shorter term lease sectors and away from sectors with longer term, bond-like leases.
"We... More
June 13, 2013 8:27 AM EDT
KeyBanc upgraded ProLogis (NYSE: PLD) from Hold to Buy.
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 $37.12 yesterday, with a 52 week range of $30.79-$45.52.... More
