InterXion valuation range raised to $25-$28 from $23-$24 at Wells Fargo Wells Fargo raised its valuation range on InterXion after the company reported slightly better than expected results. The firm thinks that the company's improved leasing trends indicate that its data centers expansion is gaining momentum. Wells maintains an Outperform rating on the stock.
Evercore ISI believes Interxion would be a good strategic fit for Digital Realty Evercore ISI commented on recent reports speculating Digital Realty (DLR) could make a run for privately held Telx, Interxion (INXN), or both. The firm said a Digital Realty acquisition of Telx makes strategic and financial sense and an acquisition of Interxion could be accretive without synergies based on a $33 offer price. Evercore believes a combination of all three companies would create a new global interconnection platform that could be accretive if Telx's and Interxion's debt was refinanced.