Deutsche Bank Starts Equinix (EQIX) at Buy; Premier Global Operator of Retail Data Center
Tweet Send to a FriendGet Alerts EQIX Hot Sheet
Price: $193.11 +1.05%
Rating Summary:
13 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
13 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade EQIX Now!
Deutsche Bank initiates coverage on Equinix (NASDAQ: EQIX) with a Buy. PT $225.00.
Deutsche analyst said, "Our bullish view is based on two key factors. First, a positive outlook for global data center demand. As the only truly global provider of retail colocation facilities, EQIX seems well positioned to benefit from an outsourcing trend driven by rapid IP traffic growth, and from favorable pricing due to the deep ecosystems in its IBXs. Second, despite EQIX's outperformance YTD, current valuation does not appear to price-in any upside from a REIT conversion, which we view as likely in 2014. In other words, we see attractive upside if EQIX converts and limited downside if it does not."
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 $174.31 yesterday, with a 52 week range of $80.85-$179.20.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Deutsche analyst said, "Our bullish view is based on two key factors. First, a positive outlook for global data center demand. As the only truly global provider of retail colocation facilities, EQIX seems well positioned to benefit from an outsourcing trend driven by rapid IP traffic growth, and from favorable pricing due to the deep ecosystems in its IBXs. Second, despite EQIX's outperformance YTD, current valuation does not appear to price-in any upside from a REIT conversion, which we view as likely in 2014. In other words, we see attractive upside if EQIX converts and limited downside if it does not."
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 $174.31 yesterday, with a 52 week range of $80.85-$179.20.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Global Equities Starts Tesla Motors (TSLA) at Overweight
- William Blair Starts Portola Pharmaceuticals (PTLA) at Outperform
- Cowen Starts Teradata (TDC) at Underperform
Create E-mail Alert Related Categories
New CoverageRelated Entities
Deutsche Bank
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
