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UPDATE: Citigroup Upgrades Equinix to Buy on Revenue Outlook

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10 Notable Stocks Trading Ex-Dividend Monday, August 22

Citigroup raised its rating on Equinix (NASDAQ: EQIX) from Neutral to Buy with a reiterated $216 price target.

Citigroup noted, "We are upgrading shares of EQIX to a Buy rating with an unchanged target price of $216 based on its favorable revenue growth prospects heading into 2013, rising returns on gross invested capital, forward valuation metrics that remain at a discount to most of the publicly-traded data centers & tower operators, & potential to improve its tax efficiency by pursuing conversion into a REIT structure."

Equinix closed at $185.12 on Wednesday.

Latest Ratings for EQIX

DateFirmActionFromTo
Sep 2016OppenheimerUpgradesPerformOutperform
Aug 2016BarclaysMaintainsEqual-weight
Aug 2016CitigroupMaintainsNeutral

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Posted-In: CitigroupAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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