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GDS Holdings price target raised to $50.60 from $47.60 at BofA

BofA raised the firm’s price target on GDS Holdings (GDS) to $50.60 from $47.60 and keeps a Buy rating on the shares. The firm is trimming its FY26-27 adjusted EBITDA estimates by 2%, rolling over its valuation and partly reflecting less net debt post a C-REITS IPO, all of which drives its price target increase.

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