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KeyBanc sees Digital Realty fit with InterXion

Oct. 14, 2019 9:33 AM ETDLR, INXN, CONEBy: Jason Aycock, SA News Editor1 Comment
  • Responding to M&A chatter, KeyBanc says a potential Digital Realty (DLR +0.2%) deal for InterXion (INXN -0.2%) would make strategic and financial sense, while CyrusOne (NASDAQ:CONE) -- recently exploring its own sale options -- is an unlikely fit.
  • Dealing for CyrusOne doesn't offer much accretion for Digital Realty and "doesn't pass the smell test," analyst Jordan Sadler says, while a purchase of InterXion may offer financial and growth accretion.
  • Digital Realty expects 2019 leasing volume to beat its $200M 2017 mark, but fall just short of a record number hit last year.
  • Street analysts rate Digital Realty Outperform on average, while Seeking Alpha authors are Bullish.

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