Fly News Breaks for January 23, 2020
Jan 23, 2020 | 07:46 EDT
JPMorgan analyst Richard Choe lowered his price target for CoreSite Realty (COR) to $105 from $110 and keeps an Underweight rating on the shares. The analyst also lowered his price target for Digital Realty (DLR) to $125 from $130 and keeps a Neutral rating on the shares. For the Communications Infrastructure industry overall, Choe sees a cautious start to the year as hyperscale cloud demand has not accelerated and appears to be pushed off further in 2020. He expects "modest guidance" for the year when both companies report Q4 results in February.
News For COR;DLR From the Last 2 Days
Oct 26, 2021 | 08:25 EDT
Evercore ISI analyst Irvin Liu initiated coverage of CoreSite Realty with an In Line rating and $154 price target. Liu is starting coverage of U.S.-headquartered Colocation Services Providers with a positive view on the industry, arguing that a combination of exponential data creation and traffic growth and demand for optimized IT performance and experiences should drive secular growth for the space. He views CoreSite shares as fairly valued at current levels, the analyst noted.