Digital Realty initiated with a Buy at Deutsche Bank

Deutsche Bank analyst Benjamin Soff last night initiated coverage of Digital Realty (DLR) with a Buy rating and $180 price target The firm is constructive on both Digital Realty and Equinix. The company are “major beneficiaries” of the continued expansion of the digital economy and the emergence of artificial intelligence as a potential driver of meaningfully higher demand for digital infrastructure over time, the analyst tells investors in a research note. Digital Realty is Deutsche Bank’s top pick due to its “strong” AI tailwinds.