Update: Piper Jaffray Raising Price Target On Equinix (EQIX)

Piper Jaffray is raising its price target on shares of Equinix EQIX to $115 from $112, and it has an Overweight rating on shares after it reported earnings. In a note to clients, Piper Jaffray writes, "Equinix reported very strong first quarter results, raised 2011 guidance and announced 3 additional expansion projects. There were almost no items of concern for us either in the reported numbers or management's comments; business trends appear to be very positive. We are reiterating our Overweight rating and are raising our price target to $115 from $112." Shares of EQIX gained $2.81 yesterday to close at $96.60, a gain of 3%.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsInformation TechnologyInternet Software & ServicesPiper Jaffray
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!