RBC Capital raised the firm’s price target on GDS Holdings to $26 from $14 and keeps an Outperform rating on the shares. The firm cites the company’s “strong” Q2 results while updating its methodology with C-REIT considerations, the analyst tells investors in a research note. The company has also seen additional commercial momentum with Batam provided an update on Singapore, and secured expansion optionality in a new international market, the firm added.
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