Digital Realty downgraded to Hold from Buy at Argus

Argus downgraded Digital Realty to Hold from Buy. Driven by the large amount of storage required by AI and to support multi-cloud environments, the firm still expects data center demand to rise over the next several years, , but not as quickly as previously expected. Given the recent increase in share price, the company’s slow growth potential, and absence of dividend increases compared to peers, the firm considers the shares to be fairly valued at current levels, the analyst tells investors.