Barclays Maintains Underweight Rating for Digital Realty Trust: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Underweight rating for Digital Realty Trust (NYSE:DLR) and increased its price target from $80.00 to $94.00. This new target price is a 24.5% decrease from the current share price. Digital Realty Trust, a real estate investment trust, owns and operates over 300 data centers worldwide.
August 04, 2023 | 11:47 am
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Barclays has maintained its Underweight rating for Digital Realty Trust and raised its price target, which is still lower than the current share price. This could potentially lead to a decrease in the stock's price.
Barclays' Underweight rating suggests that they expect the stock to underperform compared to the market. The raised price target, while higher than before, is still significantly lower than the current share price. This could lead investors to sell their shares, potentially causing the stock price to decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100