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Fly News Breaks for October 17, 2019
PLD
Oct 17, 2019 | 08:58 EDT
Deutsche Bank analyst Derek Johnston raised his price target for Prologis to $87 from $82 and keeps a Buy rating on the shares following the company's Q3 results. In sharp contrast to the conservatism heard at the beginning of the year, management was optimistic and confident about the ability to drive future earnings growth on the Q3 call, Johnston tells investors in a post-earnings research note. The analyst expects Prologis' good rent growth to continue for the "forseeable future."
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