GDS Holdings price target raised to $50 from $40 at Citizens JMP

Citizens JMP raised the firm’s price target on GDS Holdings (GDS) to $50 from $40 and keeps an Outperform rating on the shares. GDS Holdings reported Q2 results that were essentially in line with expectations, following the successful launch of its C-REIT, the analyst tells investors in a research note. The firm is increasingly confident in the company’s efforts to unlock value through the creation of the C-REIT and the IPO of the international business of which it owns roughly 35.6%.