Wells Fargo Resumes Coverage on InterXion Holding (INXN) at Market Perform; Data Center Expansion Creates Opp, But Weak Euro Economy an Overhang

Wells Fargo resumes coverage on InterXion Holding (NYSE: INXN) with a Market Perform. PT range $14-$15.

Wells analyst says, "We like INXN’s potential expansion opportunity and believe that the pricing environment for the data center space in Europe is more rational than the U.S. However, we have concerns on the general economic environment in Europe and the possibility that a potential recession could cause enterprise demand to weaken which could cause INXN growth to slow. Our 2011E EBITDA per share is $2.03 and for 2012E is $2.22."

For an analyst ratings summary and ratings history on InterXion Holding click here. For more ratings news on InterXion Holding click here.

Shares of InterXion Holding closed at $13.54 yesterday.

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