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Fly News Breaks for January 20, 2017
AMT, EQIX
Jan 20, 2017 | 08:14 EDT
Pacific Crest analyst Michael Bowen says that Equinix (EQIX) and American Tower (AMT) are "key stocks to own" ahead of their Q4 results. The analyst expects Equinix to benefit from the proliferation of hyperscale in less-developed markets. He expects its organic revenue to rise at least 10% this year. The analyst expects American Tower's guidance for total organic tenant billings growth to come in at 6%-7%.
News For EQIX;AMT From the Last 2 Days
EQIX
Mar 18, 2024 | 07:40 EDT
Truist raised the firm's price target on Equinix to $950 from $915 and keeps a Buy rating on the shares as part of a broader research note on REIT's, updating the firm's models to reflect Q4 results, recent events, and adjusted revenue growth and expense assumptions. Truist also raises the REIT's 2024 AFFO view to $34.87 from $31.99, assuming 140bps increase in utilization rate, and a 5% increase in average monthly colocation revenue per installed cabinet.