Raymond James Resumes ProLogis (PLD) at Market Perform

Raymond James analyst David Rodgers resumes coverage on ProLogis (NYSE: PLD) with a Market Perform rating.

The analyst comments "PLD is benefiting from its reach into data centers as a growth driver, but, importantly, a now-larger Industrial leasing pipeline, a healthy embedded mark-to-market, and incremental demand from global capital partners each should support a combination of continued organic growth, strong development contribution, and access to capital outside of the public capital markets."

For an analyst ratings summary and ratings history on ProLogis click here. For more ratings news on ProLogis click here.

Shares of ProLogis closed at $146.12 yesterday.

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