Barclays Maintains Underweight on Digital Realty Trust, Raises Price Target to $119
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brendan Lynch has maintained an Underweight rating on Digital Realty Trust (DLR) but raised the price target from $110 to $119.
March 05, 2024 | 11:34 am
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Barclays maintains an Underweight rating on Digital Realty Trust but increases the price target from $110 to $119.
The maintenance of an Underweight rating suggests skepticism about DLR's current valuation or growth prospects. However, the increase in the price target from $110 to $119 indicates a slightly more positive outlook on the company's future performance or market conditions. This mixed signal could lead to short-term uncertainty among investors, potentially resulting in neutral impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90