Thursday, March 22, 2012

Dougherty & Co Downgrades Equinix (EQIX) to Neutral; Valuation Call


>>Analyst, Mark, Kelleher, said, "Since we initiated coverage in October 2010 the stock has appreciated 97%, and just since the beginning of 2012 the stock has appreciated 46%. The company now carries an enterprise value of 8.5X our 2013 EBITDA estimate, and has surpassed our 12 month price target of $140.

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