Citigroup Maintains Buy Rating for Cyxtera Technologies: Here's What You Need To Know

Citigroup has decided to maintain its Buy rating of Cyxtera Technologies CYXT and lower its price target from $13.00 to $2.75.

Shares of Cyxtera Technologies are trading up 7.91% over the last 24 hours, at $2.12 per share.

A move to $2.75 would account for a 30.02% increase from the current share price.

About Cyxtera Technologies

Cyxtera Technologies Inc is engaged in data center colocation and interconnection services. The company operates a footprint of more than 60 data centers around the world, providing services to more than 2,300 leading enterprises and U.S. federal government agencies. Cyxtera brings proven operational excellence, global scale, flexibility and customer-focused innovation together to provide a comprehensive portfolio of data center and interconnection services.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.