Increased Scale Leaves EQIX In Dominant Market Position

from Benzinga.com:

>>Increased Scale Leaves EQIX In Dominant Market Position

Analysts at Oppenheimer & Co upgrade Equinix Inc (NASDAQ: EQIX) from "perform" to "outperform," while reducing their estimates for the company. The target price for EQIX is set to $115.

According to Oppenheimer & Co, “Our more constructive stance on EQIX shares is predicated on the following considerations: 1) improving visibility into 2H10/2011 growth trajectory with close of SDXC acquisition; 2) faster-than-expected realization of synergy benefits, generating margin expansion in 4Q10 and beyond; 3) increased scale leaves EQIX in a dominant market position and should aid pricing power; 4) underlying colo market demand/supply fundamentals remain relatively healthy; and 5) strong balance sheet should allow EQIX to access expansion financing at attractive rates.”