According to Digital Core REIT’s announcement on June 5, Cyxtera Technologies intends to pay its vendors and suppliers in full for goods and services provided on or after the filing date.
Analysts from Citi Research, UOB Kay Hian and DBS Group Research have each maintained their “buy” rating for Digital Core REIT (SGX:DCRU
) , after its second-largest customer filed for bankruptcyon June 4.
However, with the exception of DBS, which kept its target price unchanged at 90 US cents ($1.22), Citi Research’s Brandon Lee has reduced his target price to 67 US cents from 82 US cents previously. UOB Kay Hian’s Jonathan Koh also lowered his target price 67 US cents from 78 US cents before.
