Jefferies Lifts Price Target on Equinix (EQIX) to $200 After Analyst Day
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Price: $1,082.61 --0%
Rating Summary:
33 Buy, 14 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Rating Summary:
33 Buy, 14 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
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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.
"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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