Market Overview

UPDATE: Stifel Nicolaus Raises PT to $240 on Equinix; Fundamental Trends Remain Positive

Share:
Related EQIX
Stocks Hitting 52-Week Highs
Stocks Hitting 52-Week Highs
Equinix set to divest multiple European data centers next Month (Seeking Alpha)

Stifel Nicolaus reiterated its Buy rating on Equinix (NASDAQ: EQIX) and increased its price target from $200 to $240.

Stifel Nicolaus noted, "Last week, we visited with Equinix's CEO & CFO and had three key takeaways: 1) we believe fundamental trends for Equinix remain positive; 2) although Equinix's REIT feasibility analysis remains a work in progress, we believe there were signs of some progress including management indicating it has a better grasp on the various issues that need to be considered; and 3) we believe that REIT or no REIT, capital return should become an increasing component of the story over the next few years."

Equinix closed at $197.65 on Friday.

Latest Ratings for EQIX

DateFirmActionFromTo
Mar 2016BarclaysInitiates Coverage onEqual-weight
Mar 2016OppenheimerDowngradesOutperformPerform
Mar 2016CitigroupMaintainsNeutral

View More Analyst Ratings for EQIX
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (EQIX)

View Comments and Join the Discussion!