UPDATE: Canaccord Genuity Initiates InterXion Holding NV with Buy, $22 PT on Pockets of Strengths in Europe

Canaccord Genuity initiated its coverage on InterXion Holding NV INXN with a Buy rating and a price target of $22. Canaccord Genuity noted, "As one of the four major European providers of carrier-neutral data center space, InterXion enjoys limited competition while servicing some of the higher-growth European cities. Despite the current state of the European economic crises, we believe demand has remained strong in all markets for carrier-neutral collocation services, including the enterprise market." InterXion Holding NV closed at $17.49 on Tuesday.