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Fly News Breaks for November 1, 2019
COR
Nov 1, 2019 | 07:28 EDT
Wells Fargo analyst Eric Luebchow raised his price target to $120 from $105, saying that the company reported a fairly in-line Q3, although it did post better leasing than expected. Despite elevated customer activity, Luebchow tells investors in a research note that challenges for CorSite are persisting for longer than he expected, leading it to guide down growth expectations for FY20. Given that the double-digit growth re-acceleration story has likely been pushed to FY21, he remains at Market Perform.
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