Jefferies analyst Jonathan Petersen raised the firm’s price target on Digital Realty to $144 from $132 and keeps a Buy rating on the shares. Given that new rents are up 42% in the past year, leasing spreads on wholesale renewals are up 9% on a cash basis and SS NOI increased 5.6%, the “inflection in DLR‘s fundamentals is clear” and the outlook remains “strong,” the analyst tells investors in a post-earnings note.
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