- "We believe the unexpected move will continue to pressure the shares ... until it is clear that fundamentals of the business are no longer pressured by the continued excess supply of capacity in the market," says analyst Greg Miller, reiterating his Hold and $60 price target on Digital Realty Trust (DLR -3%) following the exit of CEO Mike Foust.
- He notes this move comes after February's sudden resignation of Rackspace's CEO. "We believe the moves highlight the difficulties in investing in the more volatile sub-segments of the industry (managed hosting or wholesale), in which stark differentiation has become increasingly difficult."
- Morgan Stanley reiterates its Positive rating on the stock.
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From other sites
at Benzinga.com (Jan 14, 2015)
at Investor's Business Daily (Jan 12, 2015)
at Benzinga.com (Jan 12, 2015)
at CNBC.com (Jan 9, 2015)
at Benzinga.com (Jan 6, 2015)
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