UPDATE: Jefferies Raises PT on InterXion Holding on Positive Factors

In a report published Tuesday, Jefferies analyst Milan Radia reiterated a Buy rating on InterXion Holding INXN, and raised the price target from $27.10 to $31.50.

In the report, Jefferies noted, “We consider the relative attractions of wholesale vs. retail data centers, while also dwelling on themes such as the role of network density, the growing importance of interconnect revenue and potential consolidation on a global basis. Geographic trends are also examined. Our favoured stocks at this juncture are Equinix, Interxion and Coresite. We downgrade Telecity to Hold from Buy and initiate coverage of CyrusOne with a Buy rating.”

InterXion Holding closed on Monday at $26.45.