Scotiabank analyst Maher Yaghi lowered the firm’s price target on Digital Realty (DLR) to $206 from $208 and keeps an Outperform rating on the shares. The firm is tweaking its estimates on select stocks in the TMT infrastructure sector ahead of Q1 results, the analyst tells investors. Despite recent market shatter, the firm has not seen evidence of any real AI project push outs. Additionally, outside of AI, the firm has started to see some enterprise IT projects being delayed, which could slow some large digital migration projects. Scotiabank is lowering its price target on the stock due to a higher long term assumed cost of debt.
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