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Fly News Breaks for February 23, 2018
QTS
Feb 23, 2018 | 07:50 EDT
Credit Suisse analyst Sami Badri lowered his price target on QTS Realty Trust shares to $31 from $43 following the company's fourth quarter results. In a research note to investors, the analyst said there is "bound to be more pain" as the majority of QTS Realty's leases are expiring amid its restructuring plan, which is likely to span "multiple quarters and increase competition given the number of private data center operators competing for the business QTS is attempting to transition to. The analyst has an Underperform rating on QTS Realty Trust shares.
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