UPDATE: Benchmark Initiates InterXion Holding at Buy
Benchmark is out with its report today on InterXion Holding (NASDAQ: INXN), initiating INXN at Buy.
In a note to clients, Benchmark writes, "We initiate coverage of InterXion with a $17 target price and a Buy rating. InterXion is a European data center company with 28 facilities in 11 countries. InterXion should grow revenue around 15% per year for the next few years providing reliable operating performance and benefitting from scale. Yet it trades at only 8x 2011E EBITDA, below peers."
At the time of posting, shares of INXN were trading at $14.16, down 0.28% from Wednesday's close.
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