Deutsche Bank Downgrades Digital Realty Trust to Hold, Raises Price Target to $131
Portfolio Pulse from richadhand@benzinga.com
Deutsche Bank analyst Matthew Niknam has downgraded Digital Realty Trust (NYSE:DLR) from Buy to Hold, while raising the price target from $112 to $131.
August 25, 2023 | 9:09 am
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NEUTRAL IMPACT
Digital Realty Trust has been downgraded from Buy to Hold by Deutsche Bank, but the price target has been raised to $131.
The downgrade from Buy to Hold suggests that Deutsche Bank sees limited upside potential for DLR in the short term. However, the raised price target indicates that they still see long-term value in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100