In a report published Monday, Piper Jaffray & Co. reiterated its
Overweight rating and $225.00 price target on Equinix (NASDAQ: EQIX [FREE Stock Trend Analysis]).
Piper Jaffray noted, “We believe Equinix will be another top
performing stock in '13. While the stock is up 86% over the past 12
months, we believe there are a number of positive fundamental reasons
the business will continue to perform. The secular trend to outsourced
IT is not changing, enhanced by the cyclical trend to asset-light, and
supply/demand trends are favorable. Equinix's conversion to REIT process
could act as a catalyst, and we believe the company is set up for
continued positive estimate revisions. We are re-iterating our
Overweight rating, and consider Equinix to be a top idea within our
coverage universe.”
Monday, December 10, 2012
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