Market Overview

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

Share:
Related EQIX
Benzinga's Top Upgrades, Downgrades For November 2, 2017
Earnings Scheduled For November 1, 2017
Equinix, Inc. 2017 Q3 - Results - Earnings Call Slides (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
Nov 2017Credit SuisseMaintainsOutperform
Nov 2017OppenheimerMaintainsOutperform
Nov 2017Morgan StanleyMaintainsEqual-Weight

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!

Partner Center