UPDATE: Morgan Stanley Reiterates Overweight Rating, Removes PT on Digital Realty Trust as Leadership Change May Actually be a Positive Sign

In a report published Tuesday, Morgan Stanley analyst Vance H. Edelson reiterated an Overweight rating on

, but removed the $73.00 price target. In the report, Morgan Stanley noted, “Just when it appeared DLR had begun to recover from a slew of negative events last year, both external and self-inflicted, a CEO change at first seems like an extension of this news flow. However, given the stock's failure to keep pace with more robust industry fundamentals, leadership change may potentially prove a positive. Investors had already been clamoring for change, and we see three distinct benefits but cannot rule out that the change stems from additional, yet-to-be-disclosed issues.” Digital Realty Trust closed on Monday at $52.77.