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Analyst brushes aside ‘DOGE’ jitters surrounding Iron Mountain’s stock - MarketWatch

1. Iron Mountain's stock fell 10% after Musk's comments on government efficiency. 2. JPMorgan maintains an overweight rating despite lowering the price target to $112. 3. CEO Meaney views DOGE's initiative as a growth opportunity for Iron Mountain. 4. Iron Mountain raised its dividend, reflecting confidence in business performance. 5. Stock is down 9.2% in 2025 against 4% gain by S&P 500.

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FAQ

Why Neutral?

The stock price drop appears linked to external comments rather than internal issues. Analysts affirm potential recovery based on business fundamentals.

How important is it?

The article reflects significant investor sentiment and confidence indicators. Analyst support, alongside financial performance, points to potential stock recovery despite recent shocks.

Why Short Term?

Immediate investor reactions are tied to Musks's comments, but underlying growth remains strong. Additionally, shifts in focus to dividend increases may stabilize investor sentiment.

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