Citi Downgrades Iron Mountain (IRM) to Hold, Raises Price Target to $38

Citi downgraded shares of Iron Mountain (NYSE: IRM) from Buy to Hold. Despite the downgrade, the firm boosted its price target on the stock from $29 to $38.

With Iron Mountain shares down 0.7 percent to $34.30 in pre-market action, Citi's new price target implies potential upside of about 11 percent.

For more ratings news on Iron Mountain click here and for the rating history of Iron Mountain click here.

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