Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on DuPont Fabros Technology

Share:
Related DFT
Why Investors Should Consider Data Center REITs, According To Jefferies
Cowen & Co. Data Center REITs, Rackspace: Key Conference Takeaways

In a report published Monday, Jefferies & Company reiterated its Hold rating on DuPont Fabros Technology (NYSE: DFT), but lowered its price target from $27.00 to $23.00.

Jefferies noted, “DFT stock dropped almost 10% the day after 3Q12 earnings release on concerns of rental rate pressure and slow leasing velocity. With overall sluggish leasing during the quarter in addition to a significant rent decline on the extended leases (6% GAAP, 18% cash), investors (us included) are increasingly concerned about DFT's leasing fundamentals.”

DuPont Fabros Technology closed on Friday at $21.62.

Latest Ratings for DFT

DateFirmActionFromTo
Aug 2015BairdDowngradesOutperformNeutral
Jul 2015CitigroupUpgradesNeutralBuy
May 2015MacquarieUpgradesNeutralOutperform

View More Analyst Ratings for DFT
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (DFT)

View Comments and Join the Discussion!

Get Benzinga's Newsletters