Digital Realty price target lowered to $177 from $211 at Mizuho

Mizuho lowered the firm’s price target on Digital Realty (DLR) to $177 from $211 and keeps an Outperform rating on the shares. Data center demand and bookings are likely to continue at a strong pace, but there is an “increasingly bifurcated view” on whether pricing power in the firm of rent growth is strong or “waning second derivative,” the analyst tells investors in a research note. The firm adjusted estimates in the space.