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Data Storage downgraded to Hold from Buy at Maxim

Maxim downgraded Data Storage (DTST) to Hold from Buy. The firm is citing the lack of visibility into the company’s strategic reset to pursue new business opportunities, the analyst tells investors in a research note. Maxim adds that it is lowering its 2025 and 2026 estimates to account for the divestiture of CloudFirst, which was the majority of revenue.

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