Digital Realty Trust shares are trading higher after the company announced the expansion of ServiceFabric. Also, Scotiabank upgraded the stock from Sector Perform to Sector Outperform and announced a $157 price target.
Portfolio Pulse from Benzinga Newsdesk
Digital Realty Trust (DLR) shares rose following the announcement of the expansion of its ServiceFabric platform. Additionally, Scotiabank upgraded DLR from Sector Perform to Sector Outperform with a $157 price target.
January 22, 2024 | 3:23 pm
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POSITIVE IMPACT
Digital Realty Trust's stock is likely to experience a positive short term impact due to the expansion of ServiceFabric and an upgrade by Scotiabank with a new price target of $157.
The expansion of ServiceFabric signifies growth and innovation in Digital Realty Trust's offerings, which can attract investor interest. The upgrade by Scotiabank to Sector Outperform, accompanied by a significant price target, suggests a strong bullish sentiment from analysts, which can further drive investor confidence and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100