- The shares of Prologis Inc (NYSE: PLD) have received a price target of $164 from RBC Capital. These are the details.
The shares of Prologis Inc (NYSE: PLD) have received a price target of $164 from RBC Capital. And RBC Capital analyst Michael Carroll increased the price target from $144 while maintaining an “Outperform” rating on the shares.
Carroll cited the company’s solid third quarter earnings reported last month — which was driven by historically strong property-level trends. Plus Carroll pointed out that Prologis’ same-store cash NOI growth should remain elevated in the next few years.
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