Here's How RBC Capital Views Cyxtera

• RBC Capital analyst Jonathan Atkin maintained Cyxtera Technologies Inc (NASDAQ:CYXT) with an Outperform and raised the price target from $14 to $16.
• Atkin's recent fireside chat and meetings with CFO Carlos Sagasta at RBC's Global Communications Infrastructure conference touched on multiple financial, strategic, and operating topics. 
• Atkins updated his model and increased the price target based on a higher terminal-value assumption in his DCF model. 
• The management expected good demand visibility for 1-3 years. They saw the inflationary and recessionary environment as a positive for Cyxtera. 
• Atkin expected Cyxtera to be more likely to focus on internal growth initiatives. 
• Price Action: CYXT shares traded higher by 1.86% at $14.79 on the last check Monday.