Digital Realty price target raised to $190 from $170 at Raymond James

Raymond James raised the firm’s price target on Digital Realty (DLR) to $190 from $170 and keeps a Strong Buy rating on the shares. Digital Realty reported a solid quarter with record bookings and raised its guidance, the analyst tells investors in a research note. Pricing was solid, boosted by a customer deal that used re-pricing of other contracts to win over new space and power, which the firms believes is indicative of the current environment, continued strong demand, and the advantages that existing global incumbent providers have in the market.