Deutsche Bank Raises Price Target on Terremark Worldwide

Deutsche Bank has increased its price target on Terremark Worldwide (NASDAQ: TMRK) from $12 to $14.

In a note to clients, Deutsche Bank writes, "We came away from our meetings with Terremark at our Media & Telecom Conference incrementally more positive on Terremark's growth potential as the leading enterprise private cloud platform. Cloud adoption is improving and we think Terremark is well positioned to out-perform as long as cloud continues to grow. We reiterate our Buy and raise our target to $14 from $12."

TMRK closed Thursday at $11.71.