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Digital Realty downgraded to Underperform at Credit Suisse following checks
The Fly

Digital Realty downgraded to Underperform at Credit Suisse following checks

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

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