Iron Mountain price target raised to $140 from $130 at Truist

Truist analyst Tobey Sommer raised the firm’s price target on Iron Mountain (IRM) to $140 from $130 and keeps a Buy rating on the shares after its better-than-expected Q1 results. The firm notes that datacenter lease trends tend to drive the stock due to the segment’s larger total addressable market, higher margins and better multiples, the analyst tells investors in a research note.