UPDATE: Barclays Upgrades Iron Mountain (IRM) to Overweight; Expecting Success From REIT Transformation
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Price: $29.20 +0.93%
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade IRM Now!
(Updated - June 25, 2012 1:26 PM EDT)
Barclays upgraded Iron Mountain (NYSE: IRM) from Equalweight to Overweight with a price target of $39.00 (from $36.00).
Analyst, Gary E. Bisbee, said, "We are upgrading Iron Mountain to OW as we believe that its transformation into a REIT is likely to prove successful and yield sharp upside in the stock over the next two years. Our probability-weighted price target is $39 (19% upside potential), though we believe that the stock can move into the mid-$40s or higher within two years."
Bisbee maintains FY12/13 EPS estimate at $1.30/1.36 compared to the Street consensus of $1.30 to $1.50.
For an analyst ratings summary and ratings history on Iron Mountain click here. For more ratings news on Iron Mountain click here.
Shares of Iron Mountain closed at $32.78 yesterday, with a 52 week range of $27.10-$35.79.
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Barclays upgraded Iron Mountain (NYSE: IRM) from Equalweight to Overweight with a price target of $39.00 (from $36.00).
Analyst, Gary E. Bisbee, said, "We are upgrading Iron Mountain to OW as we believe that its transformation into a REIT is likely to prove successful and yield sharp upside in the stock over the next two years. Our probability-weighted price target is $39 (19% upside potential), though we believe that the stock can move into the mid-$40s or higher within two years."
Bisbee maintains FY12/13 EPS estimate at $1.30/1.36 compared to the Street consensus of $1.30 to $1.50.
For an analyst ratings summary and ratings history on Iron Mountain click here. For more ratings news on Iron Mountain click here.
Shares of Iron Mountain closed at $32.78 yesterday, with a 52 week range of $27.10-$35.79.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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