Tuesday, April 12, 2011

Kaufman Bros. Raises Price Target on Equinix (EQIX) Prior To Q1 Results

from www.streetinsider.com:

>>Kaufman Bros. is reiterating its Hold rating on shares of Equinix (NASDAQ: EQIX) and is raising its price target from $78.50 to $83, prior to the company's Q1 results.
The firm comments that, "We believe management's credibility remains questionable to some investors after several missteps in 2010, which may continue to keep some investors sidelined. Equinix has been refocusing its sales force, which may take a while to bear fruit and we believe will continue to impact margins. Our forecast remains on the low side of management's forecasts for 2011 and we believe shares have benefited more from the overall multiple expansion of the group rather than company-specific catalysts."

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