Scotiabank lowered the firm’s price target on Equinix (EQIX) to $1,033 from $1,114 and keeps an Outperform rating on the shares. The company delivered “good” Q4 results as it continues to invest in expanding its retail and xScale capacity to respond to growing demand from customers, the analyst tells investors. The company’s network of data centers, however, continues to be supply constrained in some tier-1 markets, the firm adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQIX:
- Equinix price target lowered to $1,065 from $1,085 at BMO Capital
- Equinix price target lowered to $1,065 from $1,075 at Wells Fargo
- Equinix price target raised to $975 from $950 at Oppenheimer
- Equinix’s Growth Potential: Analyst’s Buy Rating Amid Conservative Guidance and Capacity Expansion
- Equinix Buy Rating: Strong Bookings and Strategic Initiatives Drive Positive Long-term Outlook