Switch Inc (SWCH) Coverage Initiated at Raymond James Financial, Inc.

Raymond James Financial, Inc. assumed coverage on shares of Switch Inc (NASDAQ:SWCH) in a research report issued on Tuesday. The brokerage set a “market perform” rating on the stock.

SWCH has been the topic of a number of other reports. Goldman Sachs Group, Inc. (The) began coverage on shares of Switch in a research report on Tuesday. They set a “neutral” rating on the stock. Citigroup Inc. began coverage on shares of Switch in a research report on Tuesday. They set a “neutral” rating and a $22.00 target price on the stock. J P Morgan Chase & Co began coverage on shares of Switch in a research report on Tuesday. They set an “overweight” rating and a $22.00 target price on the stock. BMO Capital Markets began coverage on shares of Switch in a research report on Tuesday. They set an “outperform” rating and a $23.00 target price on the stock. Finally, Wells Fargo & Company began coverage on shares of Switch in a research report on Tuesday. They set a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Switch has a consensus rating of “Buy” and a consensus target price of $22.20.

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In other news, insider Erin Thomas Morton acquired 300,000 shares of the stock in a transaction that occurred on Wednesday, October 11th. The shares were purchased at an average cost of $17.00 per share, for a total transaction of $5,100,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

About Switch

Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.

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