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Fly News Breaks for May 5, 2016
INXN
May 5, 2016 | 08:06 EDT
Oppenheimer analyst Timothy Horan raised his price target for Interxion to $38 from $35 as he continues to believe the company is likely to be acquired. Horan says Interxion reported in-line Q1 results, with strong trends and spending for demand. The analyst says the shift to the cloud continues to be the biggest driver of demand and expects an acceleration of enterprise adoption toward year-end, which should drive higher yields and expand margins. Horan reiterates an Outperform rating on the shares.
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