Wells Fargo Upgrades Equinix (EQIX) to Outperform; Higher Confidence in '11/'12 Ests

Wells Fargo upgraded Equinix (NASDAQ: EQIX) from Market Perform to Outperform. Valuation Range: $119-$127 from $109-$118.

Wells analyst says, "We are upgrading EQIX shares to OUTPERFORM because we think the U.S. pricing environment is stable and we are more bullish on international trends. We also think there is an upside bias to street ests as EQIX revenue and margin assumptions are conservative. Ultimately, we think a return to solid results will drive multiple expansion for EQIX."

For more ratings news on Equinix click here and for the rating history of Equinix click here.

Shares of Equinix closed at $99.19 yesterday.

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