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Stifel Nicolaus & Co. upgrades QTS Realty Trust to 'buy'

StifelNicolaus & Co. Inc. analyst Matthew S. Heinz increased his investmentopinion of QTS Realty TrustInc. to "buy" from "hold," with a price targetof $55.

The analyst wrote in a research report: "We areupgrading QTS … our $55 target price on the shares. We believe the stock has adequatelydiscounted the negative 3Q surprise regarding its disclosure of a largecustomer churn occurring early this year, and following a reset to 2017 growthexpectations we believe the company is poised to fundamentally outperform in thecoming quarters. Moreover, we view the recent M&A activity in Dallas asbeing indicative of a positive sales funnel in the market, while bringing onadditional low cost inventory that enables QTS to maintain its strong recentleasing momentum in the DFW metro area."