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UPDATE: J.P. Morgan Raises PT to $200 on Equinix

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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

DateFirmActionFromTo
May 2017NomuraInitiates Coverage OnBuy
May 2017Canaccord GenuityMaintainsBuy
Apr 2017Mitsubishi UFJInitiates Coverage OnOverweight

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