Information Provided By:
Fly News Breaks for August 10, 2018
IRM
Aug 10, 2018 | 08:38 EDT
Credit Suisse analyst Kevin McVeigh initiated shares of Iron Mountain with an Underperform rating and $25 price target. I n a research note to investors, McVeigh says he "applauds" the company's pricing strategy and data center pivot, but believes organic revenue will continue to decelerate and possibly decline int he longer term in core storage as the pace of organic net unit volume declines accelerates. McVeigh contends that slower growth as well as less financial flexibility due to leverage and growing capital needs "offer an underwhelming" risk/reward profile.
News For IRM From the Last 2 Days
There are no results for your query IRM