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Fly News Breaks for May 17, 2018
GDS
May 17, 2018 | 08:57 EDT
RBC Capital analyst Jonathan Atkin raised his price target on GDS Holdings to $45 after its Q1 earnings beat, saying the company's growing development pipeline and completed financings position it for growth strategy execution and operating leverage expansion. The analyst also keeps his Outperform rating on GDS Holdings citing its "potential to outperform its peers given its positioning in an under-penetrated, growing market". The analyst adds that the company can benefit from strong customer demand trends and limited competition.
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