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Fly News Breaks for September 10, 2018
GDS
Sep 10, 2018 | 08:59 EDT
Cowen analyst Colby Synesael initiated GDS Holdings with an Outperform rating citing its strong relationships with the hyper-scale/cloud companies in China that he estimates will help drive a 40% CAGR through 2022. He expects profitability to grow meaningfully with its growing scale. Synesael has a $45 price target on GDS Holdings shares.