Evercore ISI raised the firm’s price target on Prologis to $136 from $135 and keeps an Outperform rating on the shares after the company reported “strong” Q4 results. The firm, which continues to expect Prologis to deliver high single digit NOI growth and about 10% FFO per share growth ex-promotes, increased its FY24 and FY25 core FFO per share estimates after updating its model.
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