Iron Mountain (IRM) Gets a Buy from Wells Fargo
Wells Fargo analyst Eric Luebchow maintained a Buy rating on Iron Mountain today and set a price target of $125.00.
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Luebchow covers the Real Estate sector, focusing on stocks such as American Tower, Iron Mountain, and SBA Communications. According to TipRanks, Luebchow has an average return of 8.0% and a 51.12% success rate on recommended stocks.
In addition to Wells Fargo, Iron Mountain also received a Buy from Barclays’s Brendan Lynch in a report issued on December 12. However, on December 9, TR | OpenAI – 4o reiterated a Hold rating on Iron Mountain (NYSE: IRM).
Based on Iron Mountain’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.75 billion and a net profit of $84.29 million. In comparison, last year the company earned a revenue of $1.56 billion and had a GAAP net loss of $33.62 million
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- Iron Mountain sees ‘$175M or more’ in ALM revenue in Q4
- Iron Mountain defended at Wells Fargo after Gotham City short report
- Iron Mountain shares worth no more than $23-$41/share, says Gotham City
- Iron Mountain Amends Credit Agreement for $200M Loan
- Iron Mountain price target raised to $123 from $122 at Barclays
