UPDATE: Jefferies Downgrades DuPont Fabros Technology to Hold
Jefferies lowers its rating on DuPont Fabros Technology (NYSE: DFT) to Hold from Buy and cuts its price target by $3 to $24 the uncertainty surrounding its asset lease-up.
Jefferies notes, "Post the 4Q earnings call, it appears leasing velocity at DFT's assets is slower than our expectations. We believe DFT is now a "wait and see" story as recent channel checks suggest leasing velocity may prove sluggish near-term."
DFT closed at $24.36 a share yesterday.
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