Barclays Maintains Underweight on Digital Realty Trust, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brendan Lynch has maintained an Underweight rating on Digital Realty Trust (NYSE:DLR) but increased the price target from $97 to $110.

January 24, 2024 | 8:50 pm
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Barclays maintains an Underweight rating on Digital Realty Trust but raises the price target from $97 to $110.
While the Underweight rating suggests skepticism about the stock's performance, the increase in price target could be seen as a positive adjustment to the company's valuation. The mixed message may lead to a neutral short-term impact as the market digests both the reaffirmed Underweight rating and the higher price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100