Merriman Curhan Ford Downgrades Switch and Data (SDXC) to Neutral; Continue Recommending Shares of EQIX
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Merriman Curhan Ford downgrades Switch and Data, Inc. (Nasdaq: SDXC) from Buy to Neutral.
Merriman analyst says, "We are downgrading Switch and Data to Neutral due to the pending acquisition by Equinix (Nasdaq: EQIX) (Buy-rated). Fundamentally the company remains in solid shape; however, the valuation gap relative to Equinix has closed and in the unlikely event that the merger with Equinix is not approved by the authorities, the stock could plunge. Hence, the stock’s faith is no longer entirely driven by fundamentals. However, we like the combination and we continue to recommend that investors accumulate shares of Equinix."
To see more analyst ratings on SDXC Click Here.
Switch & Data Facilities Company, Inc. provides colocation and network neutral interconnection services in the United States.
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