UPDATE: Jefferies Upgrades Digital Realty Trust to Buy on Re-Accelerating Growth

Jefferies raised its rating on Digital Realty Trust

from Hold to Buy and increased its price target from $75 to $88. Jefferies noted, "We are upgrading Digital Realty Trust (DLR) to BUY from our prior HOLD rating. This reflects: 1) accretion from the $1.1B Sentrum acquisition, 2) recently announced development/redevelopment projects in Chicago and Virginia and 3) improving fundamentals in key data center markets." Digital Realty Trust closed at $77.59 on Thursday.