Iron Mountain price target raised to $90 from $80 at Wells Fargo

Wells Fargo raised the firm’s price target on Iron Mountain to $90 from $80 and keeps an Overweight rating on the shares. The firm believes Iron Mountain can sustain 10%-12% total shareholder return in the coming years, toward the high end of REITs, despite trading nearly in line with the sector average, the analyst tells investors in a research note.