Barclays Raises PT Again on Equinix (EQIX); Preview of Analyst Day
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Price: $214.08 -0.57%
Rating Summary:
13 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
13 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade EQIX Now!
Barclays maintains an 'Overweight' on Equinix (NASDAQ: EQIX) price target of $185.00 (from $155.00).
Analyst, James M. Ratcliffe, expects Equinix's overall Analyst Day tone to be positive and he believes the company will continue to work on converting the business to a REIT (by 2014). As far as price target increase, EQIX is trading at a discount versus Digital Realty Trust (NYSE: DLR) and DuPont Fabros (NYSE: DFT).
On overall conditions, Ratcliffe, said, "We continue to believe Equinix's business remains differentiated due to its global scale and dense network interconnectivity, which remain key areas of focus for customers."
Separately, Barclays lowers FY12 EPS estimate from $2.68 to $2.34, but raises FY13 from $3.91 to $3.25.
For an analyst ratings summary and ratings history on Equinix click here. For more ratings news on Equinix click here.
Shares of Equinix closed at $175.11 yesterday, with a 52 week range of $80.85-$178.42.
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Analyst, James M. Ratcliffe, expects Equinix's overall Analyst Day tone to be positive and he believes the company will continue to work on converting the business to a REIT (by 2014). As far as price target increase, EQIX is trading at a discount versus Digital Realty Trust (NYSE: DLR) and DuPont Fabros (NYSE: DFT).
On overall conditions, Ratcliffe, said, "We continue to believe Equinix's business remains differentiated due to its global scale and dense network interconnectivity, which remain key areas of focus for customers."
Separately, Barclays lowers FY12 EPS estimate from $2.68 to $2.34, but raises FY13 from $3.91 to $3.25.
For an analyst ratings summary and ratings history on Equinix click here. For more ratings news on Equinix click here.
Shares of Equinix closed at $175.11 yesterday, with a 52 week range of $80.85-$178.42.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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