Jefferies analyst Edison Lee upgraded GDS Holdings (GDS) to Buy from Hold with a $45 price target The stock has corrected about 30% since February 24th due to worries about an equity raise after its peer’s recent issue, but these concerns are likely overdone since the company’s China strategy remains de-leveraging, the analyst tells investors in a research note. The firm adds that it does not anticipate a large capex hike with the company’s upcoming Q4 results this week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GDS:
- GDS Holdings (GDS) Q4 Earnings Cheat Sheet
- GDS Holdings Ltd.: Buy Rating Affirmed on Strong Market Position and Growth Prospects
- GDS Holdings Pioneers Data Center Asset Monetization in China
- GDS Holdings agrees to monetize 70% equity interest in certain data centers
- GDS Holdings (ADS) call volume above normal and directionally bullish
Questions or Comments about the article? Write to editor@tipranks.com