Market Overview

Morgan Stanley Sees Balanced Risk/Reward for Equinix

Share:
Related EQIX
Citi Downgrades Equinix On Valuation
US Stock Futures Edge Lower Ahead Of Economic Data
Equinix -0.8% as Citigroup downgrades to Neutral (Seeking Alpha)

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.

Latest Ratings for EQIX

DateFirmActionFromTo
Jun 2015CitigroupDowngradesBuyNeutral
Jun 2015KeyBancMaintainsOverweight
May 2015OppenheimerMaintainsOutperform

View More Analyst Ratings for EQIX
View the Latest Analyst Ratings

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

 

Related Articles (EQIX)

Around the Web, We're Loving...