Prologis price target lowered to $136 from $142 at Scotiabank

Scotiabank analyst Nicholas Yulico lowered the firm’s price target on Prologis (PLD) to $136 from $142 and keeps an Outperform rating on the shares. The recent $3.5B financing for Rockefeller Center in Midtown Manhattan is the largest commercial mortgage-backed security deal of the year in the U.S. and solidifies the value of premier New York City office assets, the analyst tells investors.