Jefferies Boosts PTs on CoreSite Realty (COR), Digital Realty Trust (DLR)

March 5, 2013 10:22 AM EST
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Price: $74.67 -1.13%

Rating Summary:
    9 Buy, 6 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 7 | New: 76
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Jefferies raised its price targets on Buy-rated CoreSite Realty (NYSE: COR) from $34 to $38.50 and Buy-rated Digital Realty Trust Inc. (NYSE: DLR) from $75 to $76 following the 2nd Annual Greater NY Data Center Summit on 2/27.

"We came away feeling incrementally positive on the sector given the increasing likelihood of pent-up demand translating to solid leasing in 2013."

The firm trimmed FY14 EPS estimates on CoreSite Realty from $2.48 to $2.23. On DLR, the firm cut FY13 EPS from $4.94 to $4.87 and FY14 EPS from $5.56 to $5.49.

For an analyst ratings summary and ratings history on CoreSite Realty click here. For more ratings news on CoreSite Realty click here.

Shares of CoreSite Realty closed at $34.34 yesterday.

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