As previously reported, Credit Suisse analyst Sami Badri downgraded Digital Realty to Underperform from Neutral with a price target of $81, down from $91. Following "extensive" industry channel checks, Badri expects continued business pressures as well as subdued fundamental performance in 2023 to weigh on the stock, the analyst tells investors. Badri, whose model remains below consensus, has AFFOS forecast in 2023 and 2024 below consensus estimates by 3.8% and 5.0%, respectively.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on DLR:
- Digital Realty names Matt Mercier as CFO, succeeding Andrew Power
- EQIX vs. DLR: Which Data Center REIT is Better for 2023?
- Digital Realty price target lowered to $81 from $88 at Barclays
- Digital Realty price target raised to $115 from $110 at Deutsche Bank
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations