Switch Inc (SWCH) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Switch Inc (NASDAQ:SWCH) in a research report released on Tuesday morning, MarketBeat reports. The firm issued a market perform rating on the stock.

A number of other research firms have also weighed in on SWCH. Jefferies Group LLC assumed coverage on Switch in a research note on Tuesday. They set a hold rating for the company. J P Morgan Chase & Co assumed coverage on Switch in a research note on Tuesday. They set an overweight rating and a $22.00 price objective for the company. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Switch in a research note on Tuesday. They set a neutral rating for the company. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Switch has a consensus rating of Buy and a consensus target price of $22.20.

Switch (NASDAQ SWCH) traded down $0.78 during midday trading on Tuesday, hitting $18.22. The company’s stock had a trading volume of 761,181 shares.

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In other Switch news, insider Erin Thomas Morton bought 300,000 shares of the company’s stock in a transaction dated 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Switch Company Profile

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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