UPDATE: Morgan Stanley Upgrades 21Vianet (VNET) to Overweight

October 4, 2017 5:08 AM EDT
Get Alerts VNET Hot Sheet
Price: $19.09 -0.1%

Rating Summary:
    13 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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(Updated - October 4, 2017 7:15 AM EDT)

(updated to add analyst comment)

Morgan Stanley upgraded 21Vianet (NASDAQ: VNET) from Equalweight to Overweight with a price target of $9.50 (from $6.30).

Analyst Yang Liu expects comparables growth to get a boost from MNS stake and sees EBITDA margin improving which will likely drive a re-rating. The analyst notes the company is a top pick in China internet infrastructure.

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 $5.81 yesterday.

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