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UPDATE: Stifel Nicolaus Raises PT to $265 on Equinix on Q4 Results, Conservative Guide

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Earnings Scheduled For April 26, 2017
Benzinga's Top Upgrades, Downgrades For April 25, 2017

Stifel Nicolaus maintained Equinix (NASDAQ: EQIX) with a Buy and raised the price target from $240.00 to $265.00.

Stifel Nicolaus commented, "Equinix's solid 4Q12 results reflect a continued healthy growth outlook for Equinix and the broader network dense colocation sector. Top line growth trends remain positive across geographies and verticals with the majority of key metrics trending positively. The company's margin performance was slightly better-than-expected reflecting a continued focus on driving profitable growth. The company maintained its 2013 outlook, which we believe reflects the company's historical conservative tack. As the largest and only global provider of network dense colocation services, we believe Equinix remains well positioned to sustain healthy growth and we see an upward bias to estimates."

Equinix closed at $213.02 on Wednesday.

Latest Ratings for EQIX

DateFirmActionFromTo
Apr 2017Mitsubishi UFJInitiates Coverage OnOverweight
Apr 2017MacquarieInitiates Coverage OnOutperform
Mar 2017CitigroupUpgradesNeutralBuy

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