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Bart Myers

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Bart Myers

Re: None

Wednesday, 04/06/2011 10:31:03 AM

Wednesday, April 06, 2011 10:31:03 AM

Post# of 466
Benchmark is out with its report today on Internap Network Services (NASDAQ: INAP), initiating INAP at Buy with an $8 PT.

In a note to clients, Benchmark writes, "We initiate coverage of Internap with a Buy rating. Internap is a small-cap datacenter and IP transit company, exiting an almost two-year turnaround process. Internap's operating performance improved steadily through 2010 and Internap should return to growth this year. With strategic assets and a measured valuation of 8x 2011E EBITDA, the risk/reward appears attractive. Using 9x 2011E EBITDA, our price target is $8 per share."


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/04/982714/benchmark-initiates-internap-network-services-at-buy-inap#ixzz1IkmGX590
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