Nomura Securities Starts 21Vianet (VNET) at Buy

Nomura Securities initiates coverage on 21Vianet (NASDAQ: VNET) with a Buy rating and a price target of $24.00.

Analyst Leping Huang comments, "We initiate on 21Vianet (VNET) at Buy with a TP of USD24 TP. We recommend investors to buy VNET for its long-term growth in Internet Data Centre (IDC), and its strategic positioning throughout China’s cloud computing space, which is a key theme in China’s Technology Outlook for 2015 (Smartphones pass baton to trio). In our opinion, VN T’s recent share price weakness on concerns of slower-than-expected cabinet growth provides a good entry point."

For an analyst ratings summary and ratings history on 21Vianet click here. For more ratings news on 21Vianet click here.

Shares of 21Vianet closed at $17.92 yesterday.

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