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Fly News Breaks for January 26, 2018
GDS
Jan 26, 2018 | 06:00 EDT
Credit Suisse analyst Colin McCallum downgraded GDS Holdings to Underperform from Neutral saying the shares are now "very expensive." Following the recent rally into the placement news, perhaps as a result of fears over capital raisings being removed, the stock now has 19% potential downside, McCallum tells investors in a research note. He has a $23.10 price target for GDS shares and views the current valuation as "stretched."
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GDS
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