UPDATE: Stifel Nicolaus Raises Target to $78 on Digital Realty Trust
Stifel Nicolaus maintains its Buy rating on Digital Realty Trust (NYSE: DLR) and increases its price target to $78 from $70 as investor meeting yields reasons to remain positive.
Stifel Nicolaus says, "We believe strong 4Q leasing activity validates continued healthy demand and we believe the company's 2012 outlook is conservative leaving room for upside as the year progresses. We remain positively biased towards the data center sector and we believe that Digital remains an attractive growth story and the highest quality play in the sector."
DLR closed at $70.86 a share on Tuesday.
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