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UPDATE: Jefferies Downgrades Digital Realty Trust On Cashing In After A Strong Run In 2014


In a report published Monday, Jefferies analyst Omotayo Okusanya downgraded the rating on Digital Realty Trust, Inc. (NYSE: DLR) from Buy to Hold, and lowered the price target from $72.00 to $70.00.

In the report, Jefferies noted, “We are downgrading shares of DLR to Hold from Buy following the stock's 34% run in 2014, putting shares at near full valuation, in our view. We also think 2015 will be a transitional year for DLR, limiting earnings growth as management steps on the brakes for development/M&A and further implements its capital recycling strategy to improve long-term ROIC. For more details, please see our 2015 REIT outlook, published this morning.”

Digital Realty Trust closed on Friday at $68.18.

Latest Ratings for DLR

Dec 2019MaintainsBuy
Nov 2019MaintainsBuy
Oct 2019MaintainsOutperform

View More Analyst Ratings for DLR
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Posted-In: Jefferies Omotayo OkusanyaAnalyst Color Downgrades Analyst Ratings


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