Raymond James upgrades Prologis to Outperform with $163 price target
Raymond James raised its rating on Prologis (PLD) from Market Perform to Outperform and set a price target of $163. The firm said the recent pullback in the stock creates a buying opportunity as industrial fundamentals improve. It noted that uncertainty around the SEGRO acquisition and upcoming midterm elections have weighed on the share price. Prologis reported third‑quarter 2026 adjusted earnings of $0.86 per share and revenue of $2.21 billion, both above analyst expectations.
Why it matters
The upgrade and $163 target imply roughly 28% upside from the closing price of $127.47, which could attract buying interest. The higher rating also signals Raymond James expects better visibility for Prologis despite current uncertainties.
Key facts
- 1Raymond James upgraded Prologis to Outperform from Market Perform. investing.com
- 2The firm set a price target of $163.00. investing.com
- 3Prologis closed at $127.47 on the day of the upgrade. marketscreener.com
- 4The price target implies roughly 28% upside. investing.com
- 5Prologis reported third‑quarter 2026 adjusted earnings per share of $0.86, above the forecast of $0.7767. investing.com
- 6Prologis reported third‑quarter 2026 revenue of $2.21 billion, above the estimate of $2.17 billion. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.