- It's a valuation call as Credit Suisse downgrades Prologis (PLD -0.8%) to Neutral from Outperform. The $48 price target compares to the current $51.28.
- The company reported an earnings beat yesterday, but didn't raise full-year guidance, which may have helped spook the analyst.
- 2016 is the year of logistics, and Prologis is higher by nearly 50% since the February bottom.