Prologis price target raised to $133 from $127 at Scotiabank

Scotiabank raised the firm’s price target on Prologis (PLD) to $133 from $127 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for U.S. Industrial REITs under its coverage following Q3 results, the analyst tells investors. The firm is “incrementally” more positive on the subsector given healthy leasing as well as improvement in management tone and investor sentiment.