Iron Mountain price target raised to $79 from $69 at Barclays

Barclays analyst Brendan Lynch raised the firm’s price target on Iron Mountain to $79 from $69 and keeps an Outperform rating on the shares. Tower companies will likely focus on positioning for the next phase of 5G network build-outs when report Q4, the analyst tells investors in a research note. The firm says data centers will likely communicate their exposure to capturing evolving/higher density workloads.