Iron Mountain's stock tumbles to pace S&P 500 losers after BofA Merrill turns bearish, slashes target [MarketWatch]
Iron Mountain Incorporated (Delaware)Common Stock REIT (IRM)
Last iron mountain incorporated (delaware)common stock reit earnings: 2/13 06:00 am
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US:NYSE Investor Relations:
investors.ironmountain.com/company/for-investors/investors-overview/default.aspx
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Source: MarketWatch
Iron Mountain's stock tumbles to pace S&P 500 losers after BofA Merrill turns bearish, slashes target Shares of Iron Mountain Inc. IRM, -6.33% tumbled 5.8% in morning trading Thursday, enough to pace the S&P 500's SPX, +0.25% decliners, after Bank of America Merrill Lynch turned bearish on the provider of storage and information management service, citing concerns related to the drop in recycled paper pricing. Analyst Michael Funk cut his rating to underperform from neutral, and slashed his price target to $25--17% below current levels--from $33. Funk said that while selling recycled paper is a relatively small revenue contributor, recent data showing sharp declines in pricing in the latest quarter have created an "insurmountable headwind" to 2019 guidance. He said the lowered price target reflects an expectation of negative estimate revisions. In the company's 2018 annual report, the company had said that significant declines in the cost of paper may negatively impact revenue a
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News
- Here's Why Iron Mountain (IRM) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
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- Iron Mountain (IRM) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Is Most-Watched Stock Iron Mountain Incorporated (IRM) Worth Betting on Now? [Yahoo! Finance]Yahoo! Finance
- Iron Mountain Schedules First Quarter 2024 Earnings Release and Conference CallBusiness Wire
IRM
Earnings
- 2/22/24 - Miss
IRM
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form 4
- 4/19/24 - Form DEFA14A
- IRM's page on the SEC website