Truist analyst Ki Bin Kim raised the firm’s price target on Prologis to $140 from $135 and keeps a Buy rating on the shares. While higher national new supply, a soft economic backdrop and a weaker market rent growth may pose risks, the firm continues to see upside surprises for Prologis. Truist recommends focusing on AFFO growth compared to FFO growth on a go forward basis.
Published first on TheFly
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