Freedom Broker upgrades Prologis to Buy on lower valuation
Freedom Broker raised Prologis to Buy from Hold and cut its price target to $142 from $165, as the shares now trade well below its revised estimate.
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what happened
According to Seeking Alpha, Freedom Broker upgraded Prologis to Buy from Hold and lowered its price target to $142.00 from $165.00. The upgrade follows a fall in the share price, which now sits well below the broker's revised target.
Analysts Zhiger Kurmet and Said Mussayev said the company's latest quarter beat their Core FFO estimate, with occupancy rising slightly and rent gains on lease renewals widening from the prior quarter. However, they described the outlook as more cautious: Prologis cut its guidance for net earnings and strategic capital revenue, expects smaller asset sales, and is demanding higher returns because rising Treasury yields are slowing deals.
The broker lowered its forecasts for 2027 and 2028 and built a higher cost of capital into its valuation. It also noted that shareholders have approved the merger with SEGRO, and the transaction is slated to be completed in the first half of 2027.
why it matters
For REIT investors the signal is mixed: the stock has dropped, while the profit outlook and financing conditions have weakened as government bond yields climb. The pending SEGRO deal remains a factor to watch.
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- Prologis raised to Buy at Freedom Broker on valuation — Seeking Alpha, 19 October 2026 at 17:53 UTC
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