In a report published Friday, Morgan Stanley analyst Gary Yu reiterated an Overweight rating and $35.00 price target on 21Vianet Group VNET.
In the report, Morgan Stanley noted, “Retain OW on VNET after the release of in-line 2Q14 revenue and EBITDA. Organic growth remained solid and VNET is on track to meet IDC and cloud targets. Recent M&A led to increase in 2014 guidance and prompted us to raise our 2014-15 revenue and EBITDA estimates.”
21Vianet Group closed on Thursday at $28.68.
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