Wells Fargo Starts InterXion Holding (INXN) at Outperform; Europe Exhibiting Superior Pricing and Growth

Wells Fargo initiates coverage on InterXion Holding (NYSE: INXN) with an Outperform. Valuation range $19-21.

Wells analyst says, 'We believe that INXN’s expansion initiatives combined with a solid European pricing environment will drive significant revenue growth over the next 3 years. In addition, higher utilization rates with limited new supply coming to market creates an attractive competitive environment in Europe. With INXN shares trading at only 7.1x 2012E EBITDA vs data center/managed hosting peers at ~9.0x, we think the risk reward is very attractive."

For more ratings news on InterXion Holding click here and for the rating history of InterXion Holding click here.

Shares of InterXion Holding closed at $14.99 yesterday.

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