UPDATE: Wells Fargo Securities Upgrades InterXion Holding NV to Outperform
Wells Fargo Securities raises its rating on InterXion Holding NV (NYSE: INXN) to Outperform from Market Perform on revenue growth potential.
Wells Fargo Securities notes, "We are positive on the potential for revenue growth to accelerate in late 2012 and 2013 due to upcoming data center expansion initiatives. In addition, our checks indicate demand trends in INXN's key markets remain robust and that pricing is strong. Lastly, with liquidity improving due to the recent Baker Capital transaction, we think investor interest in the stock will improve. We are increasing our valuation range to $19-20 from $17-18."
INXN closed at $15.49 a share on Monday.
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