Post by gutset on Sept 19, 2018 16:08:04 GMT
BUZZ-Internap: Jumps after SunTrust Robinson starts with 'buy'
11:34 AM ET, 09/19/2018 - Reuters
** Data center services provider's shares jump 11.5 pct at $13.82
** SunTrust Robinson starts with "buy" and sets $22 PT, implying an upside of 77 pct to stock's last close and in-line with median PT
** Says INAP is in early stages of growth, succeeding a turnaround under new management after years of underperformance and failed attempt to sell itself
** Says INAP should be able to leverage under-utilized data center assets to drive organic growth over next several quarters
** Says company poised for growth as it executes on leasing existing assets and gains additional scale via potential tuck-in acquisitions
** 4 of 6 brokerages rate the stock "buy" or higher, rest "hold"
** Stock has fallen 11 pct this year (Reporting by Amy Caren Daniel in Bengaluru)
11:34 AM ET, 09/19/2018 - Reuters
** Data center services provider's shares jump 11.5 pct at $13.82
** SunTrust Robinson starts with "buy" and sets $22 PT, implying an upside of 77 pct to stock's last close and in-line with median PT
** Says INAP is in early stages of growth, succeeding a turnaround under new management after years of underperformance and failed attempt to sell itself
** Says INAP should be able to leverage under-utilized data center assets to drive organic growth over next several quarters
** Says company poised for growth as it executes on leasing existing assets and gains additional scale via potential tuck-in acquisitions
** 4 of 6 brokerages rate the stock "buy" or higher, rest "hold"
** Stock has fallen 11 pct this year (Reporting by Amy Caren Daniel in Bengaluru)
