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Fly News Breaks for February 12, 2018
COR
Feb 12, 2018 | 08:13 EDT
RBC Capital analyst Jonathan Atkin lowered his price target on CoreSite Realty to $113 after Q4 results, noting that while revenues, EBITDA, and FFO were in line, new leasing volumes and rates were lower than peer averages and growth in turnkey rates decelerated. Atkin keeps his Outperform rating, maintaining that the REIT is "well positioned" in the datacenter space "due to its ability to tap multiple demand segments".
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