Wells Fargo Upgrades InterXion Holding (INXN) to Outperform; Expansion To Drive Growth

Wells Fargo upgraded InterXion Holding (NYSE: INXN) from Market Perform to Outperform, price target range raised to $19-20 from $17-18.

Analyst, Gary Powell, said, "We are positive on the potential for revenue growth to accelerate in late 2012 and 2013 due to upcoming data center expansion initiatives. In addition, our checks indicate demand trends in INXN’s key markets remain robust and that pricing is strong. Lastly, with liquidity improving due to the recent Baker Capital transaction, we think investor interest in the stock will improve."

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 $15.49 yesterday.

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