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."