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Fly News Breaks for November 18, 2019
GDS
Nov 18, 2019 | 09:11 EDT
RBC Capital analyst Jonathan Atkin raised his price target on GDS Holdings to $62 and kept his Outperform rating after its Q3 results, saying the financials for the quarter were "solid" as the company develops its resource pipeline in and near the "Tier 1 markets." The analyst further cites the management's raised guidance for FY19 EBITDA while noting that his expectations for 2020 sales pipeline look "promising".