Wells Fargo lowered the firm’s price target on Equinix (EQIX) to $1,065 from $1,075 and keeps an Overweight rating on the shares. The firm notes there was a lot of noise in the guide, which was light of its expectations, although it suspects conservatism on EBITDA/AFFO/share outlook. The acceleration in normalized recurring revenue growth is encouraging and help accelerate financial metrics into 2026, Wells adds.
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