Thursday, October 25, 2012

Equinix Stock Rating Upgraded by Citigroup (EQIX)


>>Citigroup upgraded shares of Equinix (NASDAQ: EQIX) from a neutral rating to a buy rating in a report issued on Thursday.
“We are upgrading shares of EQIX to a Buy rating with an unchanged target price of $216 based on its favorable revenue growth prospects heading into 2013, rising returns on gross invested capital, forward valuation metrics that remain at a discount to most of the publicly-traded data centers & tower operators, & potential to improve its tax efficiency by pursuing conversion into a REIT structure.,” Citigroup’s analyst wrote.

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