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Fly News Breaks for August 14, 2019
GDS
Aug 14, 2019 | 09:20 EDT
RBC Capital analyst Jonathan Atkin raised his price target on GDS Holdings to $58 and kept his Outperform rating after its Q2 earnings beat and raised midpoint of its FY19 revenue and EBITDA guidance. The analyst notes that the company remains his "favorite datacenter pick" and points to its "significant" valuation discount relative to its market-leading growth rate.
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