Raymond James analyst Frank Louthan lowered the firm’s price target on Digital Realty to $140 from $155 and keeps a Strong Buy rating on the shares following the Q2 results. The environment for the data center business remains very healthy, with pricing and escalators outweighing increased opex and financing costs, the analyst tells investors in a research note.
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Read More on DLR:
- Digital Realty price target raised to $144 from $132 at Jefferies
- Digital Realty upgraded to Outperform from Neutral at Exane BNP Paribas
- Digital Realty, TPG announce joint venture of hyperscale data centers
- Digital Realty sees FY23 adjusted core FFO $6.55-$6.65, consensus $6.66
- Digital Realty reports Q2 core FFO $1.68, consensus $1.65