Digital Realty price target raised to $143 from $126 at UBS

UBS raised the firm’s price target on Digital Realty to $143 from $126 and keeps a Neutral rating on the shares. Digital Realty’s Q4 results showed further evidence of pricing improvements, though the uplift to financials remains limited at this point, the analyst tells investors in a research note. The firm believes the pricing outlook remains constructive and expects strong bookings performance in 2024, but sees more upside risk than downside for changes in market rents over the medium-term.