Wells Fargo Downgrades Equinix (EQIX) to Market Perform

from StreetInsider:

>>Wells Fargo downgrades Equinix, Inc. (Nasdaq: EQIX) from Outperform to Market Perform.

Wells analyst says, "We believe the network-neutral data center space represents a safe derivative play on the continued growth of IP and Internet traffic. However, given the recent Q3 pre-announcement we feel we have limited visibility on revenue growth...Our new 2010 and 2011 EBITDA / share ests are $12.13 and $14.40 (from prior ests of $12.10 and $14.59)."