Prologis climbs after Mizuho upgrades to 'outperform'
**Shares of real estate investment trust Prologis PLD.N rise ~5% to $109
** Brokerage Mizuho upgrades stock to "outperform" from "neutral"; raises PT to $118 from $109
** Says the company is well-positioned to benefit from President Donald Trump's tax and spending bill, which allows faster depreciation on real estate and capital spending, encouraging large tenants to expand
** Sees lower execution risk for co, given its rebounding leasing market share and reduced amount of leases expiring in second half of 2025
** Investors will likely gravitate to PLD in a rate cut environment - brokerage
** 15 of 24 brokerages rate PLD "buy" or higher, 7 "hold" and two "sell"; their median PT is $120 - data compiled by LSEG
** The stock has fallen ~11% in past 12 months
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