- Cowen analyst Colby Synesael upgrades CoreSite Realty (NYSE:COR) to Outperform from Market Perform as the analyst believes company execution has improved from both the sales and construction sides of the business.
- During NAREIT meeting, management stated 2021 could be a record leasing year.
- While part of the improvement is simply from a strong demand backdrop, improvements in the sales process is helping and COR has more capacity to sell into, Synesael writes.
- The analyst's Outperform rating is more optimistic than the Quant rating of Neutral; average Sell-Side rating is also Neutral (4 Very Bullish, 2 Bullish, 8 Neutral, 4 Bearish, 1 Very Bearish).
- See the total return of COR vs. the S&P 500 and peer DLR in chart below.
- SA contributor Chetan Woodun calls CoreSite specialists in high returns amid low growth.
Cowen gets more bullish on CoreSite Realty as leasing ramps up
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