Saturday, September 25, 2010

Citigroup - new price target for Equinix

from www.benzinga.com:

>>Citigroup has published a research report for Equinix Inc. with a new price target, stating:

"We remain a Buyer of EQIX with potential catalysts from: 1) accelerating revenue growth in the 2H/10 with favorable demand; 2) upside potential to consensus revenue for ‘11; & 3) discounted valuation to its peers with favorable attractive growth prospects & improving financial flexibility to consider cash repatriation options for shareholders over time. Target price increased to $121.
Also, we are reducing our risk rating to High."

The price target for Equinix is up from $110, and the rating has been reduced from Buy/Speculative to Buy/High Risk.

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