Jefferies Raises Price Target on DuPont Fabros Technology (DFT) Following Technology Conference

Jefferies reiterated a Hold rating on DuPont Fabros Technology (NYSE: DFT), and raised the price target to $44.00 (from $42.00), following a recent technology conference. DFT management noted that to meet demand from its cloud customers, Google has RFPs in the market for the first time in many years. Additionally, Alibaba is looking to lease space as the company builds a cloud business in the US.

Analyst Jonathan Petersen commented, "On Wednesday, DFT participated in Jefferies' 2016 Technology Conference. The company sees multiple opportunities to capitalize on growth among the public cloud service providers. We are incrementally more positive on the DFT story, and raise our PT to $44, from $42."

For an analyst ratings summary and ratings history on DuPont Fabros Technology click here. For more ratings news on DuPont Fabros Technology click here.

Shares of DuPont Fabros Technology closed at $42.66 yesterday.

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