Wolfe Research analyst Andrew Rosivach last night upgraded Digital Realty (DLR) to Outperform from Peer Perform with a $174 price target The firm says recent consolidation has made the stock’s valuation attractive for a “stable growth company.” The less employment-sensitive characteristics of data centers is compelling as other macro trends have been slowing, the analyst tells investors in a research note. Wolfe likes Digital Realty’s “predictable” growth business model.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DLR:
- Digital Realty upgraded to Outperform from Peer Perform at Wolfe Research
- Lululemon downgraded, T-Mobile upgraded: Wall Street’s top analyst calls
- Digital Realty initiated with an Equal Weight at Morgan Stanley
- Digital Realty Dell Technologies DXC Technology
- Quantum Computing News: Nvidia, OQC, and Digital Realty Launch New York Quantum AI Data Center for AI Growth