InterXion downgraded to Neutral from Buy at Citigroup Citigroup reduced its rating on InterXion based on increased risk that the difficult European business environment will constrain revenue growth. The firm lowered its price target to $25 from $26.
News For INXN From The Last 14 Days
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InterXion to build new data centers in Vienna and Stockholm InterXion will construct new data centres in Vienna and Stockholm. In Vienna, Interxion will build its second data centre in multiple phases. The first phase is scheduled to open with approximately 600 square metres in Q4 and the second phase of approximately 600 square metres of additional capacity is scheduled to open in 1H15. The capital expenditure associated with the construction of the site and the first 1,200 square metres is expected to be approximately EUR25M. In Stockholm, Interxion will construct its third data centre scheduled to be operational in Q4. The capital expenditure associated with the construction of STO 3 is expected to be approximately EUR12M.