Swap out Duke Realty for Prologis - BAML

|By:, SA News Editor

Prologis (NYSE:PLD) has outperformed of late, but it still has more positive catalysts ahead than does Duke Realty (NYSE:DRE), says analyst James Feldman, upgrading PLD to Buy from Neutral, and downgrading DRE to Neutral from Buy.

Feldman and team remain bullish on industrial REITs as a whole, and note Prologis, Duke, and DCT Industrial (NYSE:DCT) all count Amazon as their largest tenant, and have little to fear from the Whole Foods deal as they have few, if any, temp-controlled warehouses.

Source: Bloomberg's Lily Katz

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