** BofA Global Research cuts Prologis PLD.N price objective to $118 from $120, still a premium of 10.5% from the stock's last close

** Reiterates rating at 'neutral'

** Co on Wednesday lifted the lower point of its forecasted range for adjusted core funds from operations in 2025

** Says tenant decision-making is slow across the industrial sector, making it harder for co to convert pipeline activity into signed leases

** Also says macro uncertainty is weighing on co's demand, rent growth, and lease timeline, with flat demand expected through mid-2026

** BofA cuts 2026 core FFO forecast to $6.06/share from $6.10/share

** Shares are marginally up 0.25% to $107 in premarket trading

** 14 of 24 brokerages rate the stock "buy" or higher, 8 "hold" and 2 "sell"; their median PT is $119- data compiled by LSEG

** As of last close, stock had risen 1% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))