UPDATE: Cantor Fitzgerald Initiates Buy, $10.50 Target on Datalink Corporation

Cantor Fitzgerald initiates its coverage on Datalink Corporation

with a Buy rating and a $10.50 price target on the company's secular growth story. Cantor Fitzgerald notes, "Datalink is among the best growth stories in our coverage group, as secular drivers, a proven M&A strategy, and favorable market positioning converge. Leverage thresholds achievable over the next 12 months leave attractive 2013 upside. Near-term margin compression concerns overlook the cross-sell potential of 200+ new Midwave accounts headed into 2H:12 and 2013. Managed services and security are added sources of upside, in our view." DTLK closed at $8.60 a share on Tuesday.