Morgan Stanley analyst Simon Flannery raised the firm’s price target on Digital Realty to $108 from $100 and keeps an Equal Weight rating on the shares. Digital Realty has built an industry leading global position in the Data Center industry through a combination of strong organic growth and inorganic activity, but the firm is kept on the sidelines by competition, macro pressures and churn risk, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DLR:
- Digital Realty price target raised to $158 from $145 at Truist
- Digital Realty price target raised to $119 from $110 at Barclays
- Digital Realty, Mitsubishi form joint venture to form two data centers in Dallas
- Digital Realty and Mitsubishi Corporation Form Data Center Development Joint Venture
- Citi ups Digital Realty target, opens ‘positive catalyst watch’
