Prologis (PLD), the world’s largest industrial real estate developer, has been generating positive attention with its robust Q2 2024 earnings. The company topped both top-line and bottom-line estimates, and has improved its outlook for FY24. The results revealed strong leasing activity and strategic developments, prompting an upgrade in stock rating by StockNews.com. A focus on calls over puts has also been noted with regards to Prologis stock. Several investment companies like Centersquare Investment Management, Empowered Funds, and Concurrent Investment Advisors have increased their stakes in the company. Moreover, the company's stock witnessed a price surge to $121.49, and an increased price target to $123.00 by Evercore ISI. Yet, PLD stock saw declines despite broader market gains. The company continues its involvement in upcoming industry conferences, and has scheduled its Q3 2024 results announcement for July 17. As of now, the focus remains on Prologis' performance in the upcoming earnings season.
Prologis PLD News Analytics from Tue, 17 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 05:22:40 GMT -
Rating 8
- Innovation 2
- Information 7
- Rumor -4
