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BUZZ-Data-center operator GDS rises after RBC raises rating to 'outperform'

Reuters07-08

** U.S.-listed shares of China-based GDS Holdings rise 2.8% to $11.14

** RBC upgrades the shares to "outperform" from "sector perform" and lifts PT to $14 from $13, implying a 29% upside to stock's last close

** Brokerage sees revenue, earnings upside in next two years at GDS International $(GDSI)$, the holding company for international operations

** GDSI's series A private preferred equity raise was a positive valuation benchmark, future rounds could provide further valuation support - brokerage

** 13 brokerages rate the stock "buy" or higher and 4 "hold"; median PT $12.55 - LSEG

** GDS' U.S.-listed shares up 22% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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