RBC Raises Prologis (PLD) Target as Industrial Real Estate Outlook Improves

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RBC Capital analyst Michael Carroll raised his price target for Prologis (PLD) to $135 from $132, reiterating a “Sector Perform” rating after the company’s Q4 FFO beat expectations. The upgrade reflects an improved outlook for industrial real estate and Prologis’s growing confidence in expanding its private capital business, notably with potential new co-investment funds for data centers. Prologis plans significant development in 2026, with data centers comprising 40% of new projects, a substantial increase from previous years.

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