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Fly News Breaks for May 26, 2015
EQIX, DLR, INXN
May 26, 2015 | 09:03 EDT
As noted earlier, Stifel upgraded InterXion (INXN) to Buy from Hold. The firm believes that InterXion is an attractive takeover target for multiple potential suitors. It believes that, assuming that Equinix buys Telecity (TLEIY), there is a better than 50% chance that InterXion will pursue M&A talks, most likely with Digital Realty (DLR). The firm sees a 90% chance that Telecity will accept Equinix's bid, and believes that nterXion';s stock reflects little if any M&A premium. It set a $34 price target on InterXion.
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