Morgan Stanley Sees QTS Realty Trust as Focused on 2014 Guidance and Booking Commentary

In a report published Tuesday, Morgan Stanley analyst Simon Flannery reiterated an Overweight rating and $27.00 price target on QTS Realty Trust QTS. In the report, Morgan Stanley noted, “QTS' integrated product set appears well-positioned to capture the demand of enterprises outsourcing their IT using a tiered workload structure. We reiterate our OW rating as QTS continues to generate double-digit revenue growth while maintaining a 4.5% yield and discounted valuation.” QTS Realty Trust closed on Friday at $22.39.