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Fly News Breaks for September 5, 2017
PLD
Sep 5, 2017 | 07:15 EDT
SunTrust analyst Ki Bin Kim upgraded Prologis based on valuation and several positive catalysts. Among the catalysts he identified are U.S. GDP growth, e-commerce growth, easing concerns about exits from the EU, and the concentration of Prologis' portfolio "near consumers s and at major nodes of the supply chain," and "sustainable long-term rent growth." The analyst predicts that the REIT's growth will average 5%-6% over the next five years. Target to $68 from $58.
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