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UPDATE: Goldman Sachs Initiates Interxion at Neutral on Valuation

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Goldman Sachs initiated coverage on Interxion (NYSE: INXN) with a Neutral rating and a $25.50 price target.

Goldman Sachs noted, "n our view, the company offers a good combination of exposure to the high growth European colocation segment and defensive business model with a high recurring revenue stream and stable pricing near term. We also see it as an attractive strategic asset within the consolidating TMT landscape. Though execution has improved over the last few quarters, both on an operational and capacity expansion basis, we believe that this is now reflected in valuation and hence our Neutral. We however could become more positive on share price weakness."

Interxion closed at $23.23 on Wednesday.

Latest Ratings for INXN

DateFirmActionFromTo
Jul 2016SunTrust Robinson HumphreyInitiates Coverage onBuy
Jun 2016JefferiesDowngradesBuyHold
Jun 2016Wells FargoUpgradesMarket PerformOutperform

View More Analyst Ratings for INXN
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Initiation Intraday Update Analyst Ratings

 

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