Here's How RBC Capital Views Cyxtera

June 6, 2022 2:40 PM | 1 min read | Make a Comment

RBC Capital analyst Jonathan Atkin maintained Cyxtera Technologies Inc CYXT with an Outperform and raised the price target from $14 to $16.
Atkin's recent fireside chat and meetings with CFO Carlos Sagasta at RBC's Global Communications Infrastructure conference touched on multiple financial, strategic, and operating topics.
Atkins updated his model and increased the price target based on a higher terminal-value assumption in his DCF model.
The management expected good demand visibility for 1-3 years. They saw the inflationary and recessionary environment as a positive for Cyxtera.
Atkin expected Cyxtera to be more likely to focus on internal growth initiatives.
Price Action: CYXT shares traded higher by 1.86% at $14.79 on the last check Monday.