- "On the surface, Digital Realty Trust (DLR -3%) looked attractive to us when we assumed coverage on 12/13/2013," says analyst Kevin Smithen, cutting the stock to Underperform with $43 price target (from $54). "After crunching the numbers and digging into the competitive landscape with our cloud research team, we expect the recent rally in DLR shares to reverse."
- Though not in the same class with some who question the sustainability of DLR's payout in the short-term, Smithen does see a deteriorating business model "due to cyclical, competitive and structural reasons after several years of strong growth and high returns."
- His team cuts expected 2014 FFO per share to $4.86 from $4.93.
From other sites
at CNBC.com (Jan 9, 2015)
at CNBC.com (Nov 3, 2014)
at CNBC.com (Jun 2, 2014)
at CNBC.com (May 5, 2014)
at CNBC.com (May 1, 2014)
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