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Barclays Reiterates an 'Overweight' on InterXion Holding (INXN); Raises Numbers on Strong Guidance & Improved Profitability

March 2, 2012 2:13 PM EST
Get Alerts INXN Hot Sheet
Price: $77.41 --0%

Rating Summary:
    14 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Barclays reiterates an 'Overweight' on InterXion Holding (NYSE: INXN) price target raised from $18 to $21.

Analyst, James M. Ratcliffe, said, "...We believe INXN's business remains on firm footing despite European macro concerns, which reflects the strength of the data center business model. Company's 2012 guidance suggests a year of aggressive capital deployment, even as management remains focused on improving profitability...We believe the shares continue to trade at attractive levels on an EV/EBITDA basis with 2.0-2.1x discount to TCY/Equinix (Nasdaq: EQIX), respectively, on 2013E EBITDA."

(Barclays raises FY12 EPS estimate from $0.53 to $0.56 and initiates FY13 at $0.64)

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 $16.61 yesterday.


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