Scotiabank Downgrades Digital Realty Trust to Sector Perform
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Maher Yaghi downgraded Digital Realty Trust (DLR) from Sector Outperform to Sector Perform, indicating a neutral outlook on the company's stock.

February 16, 2024 | 12:48 pm
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NEUTRAL IMPACT
Digital Realty Trust was downgraded by Scotiabank from Sector Outperform to Sector Perform, suggesting a shift to a neutral stance on the stock.
The downgrade by a prominent analyst like Maher Yaghi from Scotiabank can influence investor sentiment and potentially lead to a more cautious approach towards DLR stock in the short term. However, the change to 'Sector Perform' suggests a neutral outlook, not necessarily a negative one, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100