Digital Realty price target raised to $210 from $200 at JPMorgan

JPMorgan analyst Richard Choe raised the firm’s price target on Digital Realty (DLR) to $210 from $200 and keeps an Overweight rating on the shares. The company reported strong Q3 results as its record signings over the past year are flowing through to results, the analyst tells investors in a research note. JPMorgan says Digital Realty is the best positioned public data center company to create long-term value from the power and supply constraints caused by artificial intelligence infrastructure needs.