ReutersReuters

Mizuho raises Prologis PT on expected stable occupancy

Refinitiv閱讀少於1分鐘

** Mizuho raises PT of warehouse-focused REIT Prologis PLD to $109 from $105, a premium of nearly 1% from the stock's last close

** Rating unchanged at "neutral"

** Brokerage expects co to show stable occupancy, solid development margins, and steady tenant activity, with no major changes to its full-year guidance

** Says it remains neutral on the industrial sector overall, but the outlook seems to improve in the short term backed by the passing of a major bill and hopes for a resolution on trade tariffs

** Also raises 2025 fund from operations forecast to $5.73 from $5.69

** Shares are down nearly 1% at $107 in choppy morning trade

** 14 of 24 brokerages rate the stock "buy" or higher, 8 "hold" and 2 "sell" or lower; their median PT is $119- data compiled by LSEG

** including session moves, shares are up 1.4% YTD

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