UPDATE: Citigroup Raises PT to $19 on Interxion Holding NV

Citigroup raises its price target to $19 on Buy-rated Interxion Holding NV

as additional capacity during 2012 should support acceleration in recurring revenue growth. Citigroup says, "Interxion reported in-line 4Q results & FY12 guidance for revenue and OIBDA, while capex guidance was lower than our prior forecasts. While 4Q recurring revenue benefitted by ~$0.9 mil. from a one-time significant customer installation, overall results were solid. We continue to believe increasing RRPM and data center expansions should support strong recurring revenue growth during FY12 as INXN fills new and existing capacity." INXN closed at $16.61 a share on Thursday.