Stifel analyst Erik Rasmussen raised his price target for Switch to $20 from $17.50 and reiterates a Buy rating on the shares to reflect increased confidence in the company achieving 2020 estimates. Following incremental details from North American data centers on the signing of a lease in Atlanta, the analyst learned that Switch has secured an anchor tenant for its Keep campus, its newest project. The ~6MW deal gives Rasmussen conviction in Switch meeting his 2020 revenue estimates, and he sees increased upside to EBITDA given lower expansion drag. The recent deal signing is recognition of the value proposition that Switch is able to offer as it continues to deepen relationships across its customer base, Rasmussen tells investors in a research note.