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DFT

DuPont Fabros

$40.45

-0.8 (-1.94%)

16:11
10/03/16
10/03
16:11
10/03/16
16:11

DuPont Fabros achieves sales tax exemption performance targets

DuPont Fabros Technology announced that the company and its customers met the performance targets associated with their Virginia Sales Tax Exemption Program for the Ashburn Corporate Campus. Since January 1, 2009, DFT and its participating ACC customers invested over $3.3 billion at the ACC location which is well above the $150 million performance target. DFT and its customers added over 100 high-tech qualifying jobs at their ACC facilities which was double the performance target. DFT's entire Ashburn Corporate Center benefits from the sales tax exemption. Buddy Rizer, Executive Director Loudoun County, Virginia Economic Development, said, "DFT is a charter member of Loudoun's Data Center Alley, and has been a key partner in helping us create an environment where data centers can thrive. DFT played an instrumental role in the passing of Virginia's Sales Tax Exemption, and we thank them for their ongoing investment and continued commitment to Loudoun County."The exemption became effective in July 2012, and was originally set to expire on June 30, 2020. In March 2016, the state of Virginia enacted legislation granting a 15-year extension, which extended the expiration of the tax exemption to June 30, 2035. The strong investment performance and significant job creation generated by DFT and its ACC customers ensures the VA Sales Tax Exemption remains intact at ACC through 2035.

DFT DuPont Fabros
$40.45

-0.8 (-1.94%)

04/08/16
04/08/16
DOWNGRADE
Target $39

Neutral
DuPont Fabros downgraded to Neutral on valuation at Janney Capital
As previously reported, Janney Capital downgraded DuPont Fabros to Neutral from Buy. Analyst Robert Stevenson no longer views shares as materially undervalued following the recent run in shares and raised his price target to $39 from $38..
07/21/16
RHCO
07/21/16
INITIATION
Target $55
RHCO
Buy
DuPont Fabros initiated with a Buy at SunTrust
Target $55.
07/29/16
COWN
07/29/16
NO CHANGE
Target $53
COWN
Outperform
DuPont Fabros price target raised to $53 from $43 at Cowen
Cowen raised its price target on DuPont Fabros to $53 from $43 following good Q2 results. The firm cited raised guidance along with the stock's low multiple and high dividend. Cowen reiterated its Outperform rating on DuPont Fabros shares.
09/14/16
RAJA
09/14/16
UPGRADE
Target $47
RAJA
Outperform
DuPont Fabros upgraded to Outperform from Market Perform at Raymond James
Raymond James analyst Frank Louthan assumed coverage on DuPont Fabros and upgraded shares to Outperform from Market Perform and established a $47 price target. Louthan said Dupont is benefiting from hyperscale demand and believes new management is actively pursuing larger hyperscale deals, and as other providers shift away from the wholesale model it is creating a scarcity value for its product. The analyst said shares trade at a discount to peers and believes as investors become more comfortable with its improved role in the marketplace and its potential for further growth, multiple expansion will follow.

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GE

General Electric

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PFE

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C

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FDX

FedEx

$193.11

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URRE

Uranium Resources

$1.94

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RTN

Raytheon

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Cotiviti Holdings

$38.74

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ENH

Endurance Specialty

$92.90

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$1.13

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MNTA

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On The Fly: Stocks end week higher as rally continues »

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NBEV

New Age Beverages

$3.90

-0.04 (-1.02%)

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CYTX

Cytori Therapeutics

$1.71

-0.07 (-3.93%)

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ADMA

ADMA Biologics

$4.75

-0.03 (-0.63%)

16:40
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Earnings
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WFC

Wells Fargo

$57.81

-0.68 (-1.16%)

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SHO

Sunstone Hotel

$14.71

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TPHS

Trinity Place

$9.97

0.47 (4.95%)

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SO

Southern Company

$50.50

0.83 (1.67%)

16:35
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Breaking Syndicate news story on Southern Company »

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