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Fly News Breaks for February 26, 2018
QTS
Feb 26, 2018 | 09:05 EDT
RBC Capital analyst Jonathan Atkin lowered his price target on QTS Realty Trust to $42 after the company's Q4 results that showed "soft leasing" but "positive renewal spreads". The analyst adds that the guidance is "difficult to interpret" relative to historical comps and believes that external financing to fund capital expenditures will be required. Longer term, Atkin keeps his Outperform rating on QTS Realty based on its "attractive" core fundamentals, relative valuation, and potential appeal to external parties.
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