Freedom Broker upgrades Prologis to Buy while cutting price target
Freedom Broker moved its Prologis recommendation from Hold to Buy on October 19, 2026, while reducing its price target to $142.00 from $165.00. The broker cited valuation after Prologis delivered quarterly results above its core FFO estimate, with occupancy and rent spreads improving. It also lowered its Prologis estimates for 2027 and 2028 and incorporated a higher cost of capital because elevated Treasury yields are slowing transaction activity.
Why it matters
The recommendation change leaves investors with a higher rating but a lower valuation benchmark. Freedom Broker's upgrade reflects its view that the share price has fallen far enough below the revised target to justify a Buy rating, despite weaker estimates and higher financing assumptions.
Key facts
- 1Freedom Broker changed Prologis's rating from Hold to Buy and set a $142.00 price target, compared with $165.00 previously. tradingview.com
- 2The broker said Prologis exceeded its core funds from operations estimate, while occupancy and lease-rollover rent spreads increased sequentially. investing.com
- 3Freedom Broker lowered its Prologis estimates for 2027 and 2028 and used a higher cost of capital in its valuation. investing.com
- 4Prologis's combination with SEGRO is expected to close in the first half of 2027. tradingview.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.