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Fly News Breaks for September 18, 2018
INAP
Sep 18, 2018 | 16:29 EDT
SunTrust analyst Greg Miller initiated Internap with a Buy rating and a price target of $22 as part of his broader research coverage launch into Data Centers. The analyst cites the new management's ability to execute its plan to "stabilize and position the company to benefit from the secular growth drivers" that underpin his bullish stance on the data center industry. Miller also points to Internap's expanding sales force, improving margins, and the potential for cross-selling synergies from recent acquisitions, anticipating the company to accelerate its organic growth.
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