# Freedom Broker Upgrades Prologis to Buy, Cuts Price Target to $142 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/35166 Published: 2026-10-20T01:04:00.000Z Updated: 2026-10-20T01:04:00.000Z Section: Investing > The broker lowered its target from $165 after a decline in Prologis shares left them below its revised valuation. Freedom Broker upgraded Prologis to Buy from Hold while cutting its price target to $142 from $165, after a share decline left the industrial real estate investment trust below the broker’s revised target. The rating upgrade and target reduction moved in opposite directions. The lower share price was the reason for the Buy rating, even though the broker now assigns a lower target to the stock. Prologis shares rose 1.14% to $131.95 in premarket trading Oct. 15 after its third-quarter earnings exceeded expectations. That price was recorded before the rating change. Prologis posted third-quarter revenue of $2.39 billion, up 8.1% from a year earlier. Core funds from operations totaled $1.60 per share. The company also [updated its 2026 outlook]() for Core FFO to $6.25 to $6.29 per share and projected average occupancy of 95.25% to 95.50% for the year. ## Links in this article - [updated its 2026 outlook](https://www.tokenpost.com/news/business/32588)