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Scotiabank upgrades Prologis rating on improving industrial demand

ReutersAug 27, 2025 12:41 PM
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Shares of warehousing REIT Prologis PLD.N rise 0.8% to $112.20 premarket

Scotiabank upgrades rating to "sector perform" from "sector underperform"

Raises PT to $114 from $100, representing a 2.4% upside to stock's last close

"We are now less pessimistic on industrial demand trends following Q2 results and our recent conversations with brokers/private landlords" - Scotiabank

Brokerage sees PLD's valuation as fairly-priced vs other REITs and industrial peers

15 of 24 brokerages rate the stock "buy" or higher, seven "hold" and two "sell"; median PT is $120 - data compiled by LSEG

As of last close, shares up 5.4% YTD

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