Scotiabank analyst Nicholas Yulico raised the firm’s price target on Prologis to $149 from $143 and keeps an Outperform rating on the shares. The firm believes that at a macro level, Real Estate Investment Trusts, REITs, continue to flash mixed-valuation signals, with REITs cheap compared to the S&P 500, but historically pricey compared to bond yields, the analyst tells investors.
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