** 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))
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