UPDATE: Jefferies Reiterates Buy Rating, Raises PT on InterXion Holding on Strong Organic Growth
In a report published Wednesday, Jefferies reiterated its Buy rating on InterXion Holding (NYSE: INXN), and raised its price target from $23.00 to $27.10.
Jefferies noted, “Market sentiment towards the data centre segment has deteriorated a little in recent weeks as investors fret about the likelihood of a slowdown in European demand. We have spoken to many European operators across the size spectrum and see continued strong organic growth ahead. We...reiterate our Buy rating on Interxion ($27.10 PT), with relatively minor estimate changes on the latter.”
InterXion Holding closed on Tuesday at $23.61.
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