DuPont Fabros sell-off on Yahoo news seems overdone, says Wells Fargo Wells Fargo believes the two day sell-off in shares of DuPont Fabros on news that Yahoo is going to sublease its data space seems overdone. Wells sees limited near-term downside in shares of DuPont Fabros, but feels greater confidence that super wholesale tenants won't downsize leased portfolios is needed for shares to move higher. Wells has a Market Perform rating on DuPont Fabros.
DuPont Fabros initiated with a Sell at Goldman Goldman initiated DuPont Fabros with a Sell and $29 price target. The firm is concerned with Dupont Fabros' customer concentration, repricing risk, and limited visibility into future growth.