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StocksMediumUpdated×3•Originally published 16 April 2026•Updated 18 April 2026•

1 min read

BTIG Upgrades J.M. Smucker to Strong Buy, Reiterates Buy Rating for Prologis

Key Facts

1BTIG Research reiterated a 'Buy' rating for Prologis (PLD) with a $155 price target.

about 2 months ago

Version History

Version 3about 2 months ago

What changed: The story was updated to include Prologis raising its 2026 financial outlook and the subsequent positive stock price reaction.

Version 2about 2 months ago

What changed: The report was updated to include a year-over-year FFO growth comparison (from $1.42 to $1.50) and to note that total revenues exceeded market estimates.

Version 1about 2 months ago

What changed: Updated the story to include Prologis' specific Q1 financial beats on EPS and Core FFO, record leasing volume, the $1.3 billion data center expansion, and new strategic capital partnerships.

BTIG Research issued bullish updates for J.M. Smucker and Prologis (PLD) following strong Q1 results, where the latter reported a beat in Core Funds From Operations (FFO) at $1.50 per share. This performance, coupled with an upward revision of future guidance, triggered a rise in PLD's stock price. Prologis raised its 2026 financial outlook, now targeting stronger occupancy rates and higher same-store net operating income (NOI) growth. The company's total revenues topped expectations, driven by record leasing activity and a $1.30 billion expansion into digital infrastructure projects. These robust metrics and aggressive growth targets support BTIG's reiterated 'Buy' rating and $155 price target, signaling continued momentum in the logistics sector.