UPDATE: Canaccord Genuity Raises PT on Datalink Ahead of Multiple Acquisitions

In a report published Monday, Canaccord Genuity analyst Bobby Burleson reiterated a Buy rating on

, and raised the price target from $14.00 to $16.00. In the report, Canaccord Genuity noted, “We are adjusting our estimates to reflect a higher share count following the recent secondary offering, and increasing our price target from $14 to $16 ahead of likely acquisitions that should act as positive catalysts for the shares. We believe DTLK will benefit from accretive acquisitions over the next 3 to 12+ months, accelerating its services revenue growth and operating margin leverage.” Datalink Corporation closed on Friday at $12.65.