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Janney Montgomery Scott cuts DuPont Fabros Technology to 'neutral'

JanneyMontgomery Scott LLC analyst Robert Stevenson cut his investment opinionof DuPont Fabros TechnologyInc. to "neutral" from "buy."

Theanalyst wrote in a research report: "Given the nearly 55% run in DFT'sstock price since our October 2015 initiation, we no longer believe the stockis materially undervalued. The MSCI US REIT Index (RMZ) had a 5.8% total returnfor the same time period. With the company's strategic direction now set, wesee less near-term upside to the stock given the current valuation. With noclear near-term catalysts to drive the stock/valuation higher from here, we aredowngrading DFT from Buy to Neutral."