- With the rise of e-commerce, industrial/logistics space is in the sweet spot at the moment. Perhaps feeling this has been priced in to the likes of Prologis (PLD), Evercore downgrades to Hold from Buy. The $49 price target compares to the current $46.82.
- Previously: Bloomberg: Blackstone mulling $11B sale of Logicor warehouses (May 19)
- Previously: E-Commerce growth lifts warehouse rental rates (May 16)