UPDATE: Jefferies Raises PT on Digital Realty Trust Following Data Center Summit

In a report published Wednesday, Jefferies analyst Omotayo Okusanya reiterated a Buy rating on Digital Realty Trust

, and raised the price target from $76.00 to $81.00. In the report, Okusanya noted, “We attended the 2nd Annual Northern CA Data Center Summit last week and came away with an incrementally positive view on the US data center market. Participants indicated that pent-up demand is translating to very solid leasing so far in 2013. There remains some pricing pressure, but this appears priced into the stocks. We reiterate our Buy ratings on DLR and COR.” Digital Realty Trust closed on Tuesday at $70.18.