Barclays analyst Anthony Powell lowered the firm’s price target on Prologis to $160 from $162 and keeps an Overweight rating on the shares. Real estate investment trusts have outperformed year-to-date, and the improved relative performance versus 2022 can continue in the current macro environment given the potential for cap rate discovery without drastic rent headwinds, the analyst tells investors in a research note. The analyst highlights Prologis as among those "particularly attractive."
Published first on TheFly
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