HSBC Maintains Reduce on Digital Realty Trust, Raises Price Target to $118
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Phani Kanumuri maintains a Reduce rating on Digital Realty Trust (DLR) and raises the price target from $115 to $118.

May 03, 2024 | 6:33 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
HSBC maintains a Reduce rating on Digital Realty Trust but raises the price target from $115 to $118.
The adjustment in price target by HSBC indicates a slightly more positive outlook on DLR's valuation, yet the Reduce rating suggests that the analyst still sees challenges ahead for the company. This mixed signal could lead to neutral short-term price movement as investors digest both the positive adjustment in price target and the ongoing caution advised by the Reduce rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100