As previously reported, Raymond James analyst Frank Louthan downgraded Cyxtera Technologies to Market Perform from Outperform. The analyst is citing limited visibility into the outlook pending the outcome of ongoing negotiations with creditors over several 2024 maturities. The firm adds however that Cyxtera continues to benefit from significant expertise in differentiated colocation and data center deployment, also stating that the recent results showed the company’s improving utilization and steady performance.
Published first on TheFly
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