Jefferies Lifts Price Target on Equinix (EQIX) to $200 After Analyst Day

June 21, 2012 8:51 AM EDT Send to a Friend
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Price: $218.26 --0%

Rating Summary:
    13 Buy, 8 Hold, 0 Sell

Rating Trend: Down Down

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    Up: 0 | Down: 0 | New: 0
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Jefferies boosted its price target on Equinix (NASDAQ: EQIX) from $175 to $200 after Wednesday's analyst day. The firm reiterated their Buy rating.

"We are also taking our target price to $200, although we acknowledge currency headwinds and lack of information on REIT conversion could cause near-term pressure," the analyst said.

Q3 EPS goes from $0.61 to $0.60, FY12 from $2.65 to $2.63 and FY13 goes up from $3.19 to $3.23.

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 $171.92 yesterday.




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