Jefferies analyst Edison Lee upgraded GDS Holdings (GDS) to Buy from Hold with a $45 price target The stock has corrected about 30% since February 24th due to worries about an equity raise after its peer’s recent issue, but these concerns are likely overdone since the company’s China strategy remains de-leveraging, the analyst tells investors in a research note. The firm adds that it does not anticipate a large capex hike with the company’s upcoming Q4 results this week.
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