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Fly News Breaks for April 12, 2018
PLD
Apr 12, 2018 | 05:31 EDT
Jefferies analyst Jonathan Petersen upgraded Prologis to Buy and raised his price target for the shares to $73 from $70. The analyst sees the company posting one of the strongest levels of internal growth among the blue-chip real estate investment trusts in 2018. He believes Prologis' initial 2018 same store net operating income guidance will likely prove conservative and that its development pipeline is robust.
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