DuPont Fabros was Downgraded to a Hold Rating at Raymond James

By Jason Carr

In a report released today, Frank Louthan from Raymond James downgraded DuPont Fabros (NYSE: DFT) to Hold. The company’s shares closed yesterday at $64.65, close to its 52-week high of $64.76.

According to TipRanks.com, Louthan is a 5-star analyst with an average return of 16.2% and a 73.1% success rate. Louthan covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, General Communication, and Interxion Holding NV.

Currently, the analyst consensus on DuPont Fabros is Hold and the average price target is $59, representing a -8.7% downside.

In a report issued on June 12, RBC Capital also downgraded the stock to Hold with a $62 price target.

The company has a one year high of $64.76 and a one year low of $37.54. Currently, DuPont Fabros has an average volume of 911.2K.

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DuPont Fabros Technology, Inc. operates as a real estate investment trust. It owns, develops, operates and manages carrier neutral and multi-tenant wholesale data centers. The company’s facilities are designed to offer efficient and safe computing environments. DuPont Fabros Technology was founded by Lammot J. du Pont and Hossein Fateh on March 2, 2007 and is headquartered in Washington, DC.