Barclays Adjusts Estimates and PT on InterXion Holding (INXN), Citing Weakening Euro; Business Still Solid
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Price: $77.41 --0%
Rating Summary:
14 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
14 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Barclays reiterates an 'Overweight' on InterXion Holding (NYSE: INXN) price target lowered by $1 to $20.
Analyst, James M. Ratcliffe, said, "We are revising our estimates to reflect aggressive capacity expansion through the rest of 2012. We are also lowering our PT to reflect Euro weakness. We continue to believe InterXion remains relatively insulated from broader European concerns, reiterating the strength of the data center business model. We are lowering our 2Q/3Q revenue and EBITDA estimates (and raising our 4Q estimates) to reflect the impact from mid-year expansion in Paris/London/Amsterdam."
FY12 EPS estimate raised from $0.56 to $0.63 and FY13 from $0.64 to $0.76.
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 $16.77 yesterday.
Analyst, James M. Ratcliffe, said, "We are revising our estimates to reflect aggressive capacity expansion through the rest of 2012. We are also lowering our PT to reflect Euro weakness. We continue to believe InterXion remains relatively insulated from broader European concerns, reiterating the strength of the data center business model. We are lowering our 2Q/3Q revenue and EBITDA estimates (and raising our 4Q estimates) to reflect the impact from mid-year expansion in Paris/London/Amsterdam."
FY12 EPS estimate raised from $0.56 to $0.63 and FY13 from $0.64 to $0.76.
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 $16.77 yesterday.
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