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Fly News Breaks for January 23, 2020
DLR, COR
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.