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Prologis price target lowered to $122 from $123 at Evercore ISI

Evercore ISI analyst Steve Sakwa lowered the firm’s price target on Prologis to $122 from $123 and keeps an In Line rating on the shares after updating a few key assumptions that are negatively impacting its FY25 and FY26 FFO estimates as well as its view of the long-term FFO growth trajectory.

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