BMO upgrades Prologis to 'outperform' on data center demand

Prologis

07/05/2026 14:20

** BMO upgrades rating on warehouse REIT Prologis PLD.N  to "outperform" from "market perform", lifts price target to $162 from $137

** New PT implies an upside of 13.4% from the stock's last close

** BMO says co is well positioned to benefit from accelerating data center demand and a recovery in industrial leasing, supporting stronger earnings growth

** Adds Prologis should gain from accelerating FFO growth in 2026-27, driven by improving occupancy and re-leasing spreads

** 16 of 25 brokerages rate the stock "buy" or higher, 9 "hold"; their median PT is $154- data compiled by LSEG

** As of last close, stock had risen 11.9% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))