Barclays Maintains Underweight on Digital Realty Trust, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brendan Lynch maintains an Underweight rating on Digital Realty Trust (NYSE:DLR) but raises the price target from $130 to $135.
October 10, 2024 | 2:21 pm
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Barclays has maintained an Underweight rating on Digital Realty Trust, indicating a cautious stance, but has slightly increased the price target to $135, suggesting a modestly improved outlook.
The Underweight rating suggests that Barclays is cautious about DLR's performance relative to the market. However, the increase in the price target from $130 to $135 indicates a slightly more optimistic view on the company's valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100