UPDATE: J.P. Morgan Raises PT to $200 on Equinix
J.P. Morgan reiterates an Overweight rating on Equinix (NASDAQ: EQIX) and raises its price target from $165 to $200.
J.P. Morgan remarks, “The EQIX analyst day was extremely well attended, but was more educational than incremental. There was no additional commentary about the potential transition to a REIT, as we expected, and management repeated (not reiterated) guidance for FY12. One key item we heard was increased confidence in driving towards $3B in revenue in FY15 with 50% EBITDA margins.”
Equinix closed at $171.92 on Wednesday.
Latest Ratings for EQIX
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.