Deutsche Bank Starts Equinix (EQIX) at Buy; Premier Global Operator of Retail Data Center

July 9, 2012 7:29 AM EDT
Get Alerts EQIX Hot Sheet
Price: $381.15 --0%

Rating Summary:
    15 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 28 | Down: 28 | New: 23
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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.

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