Barclays raised the firm’s price target on Digital Realty to $119 from $110 but keeps an Underweight rating on the shares. The company’s equity issuances, asset sales, and development joint ventures looks like “prudent balance sheet management”, though these initiatives will likely weigh on core FFO growth in 2024 and 2025, 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>>
See the top stocks recommended by analysts >>
Read More on DLR:
- Digital Realty and Mitsubishi Corporation Form Data Center Development Joint Venture
- Citi ups Digital Realty target, opens ‘positive catalyst watch’
- Digital Realty Declares Quarterly Cash Dividends for Common and Preferred Stock
- Digital Realty Expands Common Stock Offering to $2 Billion
- Digital Realty price target raised to $143 from $126 at UBS