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.
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