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Citigroup Inc. Slightly Cuts Target Price on Iron Mountain Inc. (C,IRM)

Written on Fri, 07/30/2010 - 3:40pm
By Chip Brian

Citigroup Inc. (NYSE:C) has dropped its target price on shares of Iron Mountain Inc. (NYSE:IRM) from $35 to $32 Friday.
"We still see significant upside the stock from current levels, though, and we maintain our Buy (1M) rating on IRM," wrote Citigroup's Ashwin Shirvaikar.
SmarTrend currently has Iron Mountain in an Uptrend.
Since 2008, SmarTrend subscribers trading Iron Mountain using our alerts outperformed the stock by 84%.
Iron Mountain should find initial resistance at its 50-day moving average (MA) of $23.93 and further resistance at its 200-day MA of $24.74.
In the last five trading sessions, the 50-day MA has fallen 0.03% while the 200-day MA has slid 0.19%.
Shares of the information management services provider are trading down 1.66% Friday afternoon at $23.66.


Company Information For: C

Contact Chip Brian
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