Prologis (PLD) Receives a Buy from BMO Capital

BMO Capital analyst John Kim maintained a Buy rating on Prologis (PLDResearch Report) today and set a price target of $130.00. The company’s shares opened today at $105.73.

According to TipRanks, Kim is a 3-star analyst with an average return of 0.8% and a 47.90% success rate. Kim covers the Financial sector, focusing on stocks such as Boston Properties, Howard Hughes, and Prologis.

Prologis has an analyst consensus of Strong Buy, with a price target consensus of $158.73, representing a 50.13% upside. In a report released today, Evercore ISI also upgraded the stock to a Buy with a $127.00 price target.

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Based on Prologis’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.25 billion and a net profit of $611.39 million. In comparison, last year the company earned a revenue of $1.15 billion and had a net profit of $600.18 million

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Prologis, Inc. is a real estate investment trust which is engaged in the logistics real estate business. The company owns, operates and develops industrial real estate, with a focus on the consumption side of the global supply chain.

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