Market Overview

Morgan Stanley Sees Balanced Risk/Reward for Equinix

Related EQIX
Benzinga's Top Initiations
Barclays Initiates Equinix With Equal-Weight

In a report published Thursday, Morgan Stanley analyst Simon Flannery reiterated an Equal-Weight rating on Equinix (NASDAQ: EQIX).

In the report, Morgan Stanley noted, “Solid results were driven by EMEA and AP. FY revenue and EBITDA guide was up 0.6% and 0.5%, respectively, half of which was better FX. EQIX has not received a PLR from the IRS on a 2015 REIT conversion, although others have recently gotten them. We see a balanced risk reward at these levels.”

Equinix closed on Wednesday at $187.81.

Posted-In: Morgan Stanley Simon FlanneryAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (EQIX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional