Market Overview

UPDATE: Goldman Sachs Initiates Interxion at Neutral on Valuation

Share:
Related INXN
Wesco Misses on Q1 Earnings, Revs - Analyst Blog
Internap Network (INAP) Crumbles: Stock Falls by 5.2% - Tale of the Tape

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
Nov 2014Canaccord GenuityMaintainsBuy
Sep 2014Stifel NicolausInitiates Coverage onBuy
Aug 2014CitigroupMaintainsBuy

View More Analyst Ratings for INXN
View the Latest Analyst Ratings

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

 

Related Articles (INXN)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional