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Fly News Breaks for May 3, 2019
CONE, EQIX
May 3, 2019 | 06:46 EDT
JPMorgan analyst Philip Cusick raised his price target for Equinix (EQIX) to $524 from $465 and for CyrusOne (CONE) to $65 from $60. Both companies reported "strong" Q1 results with positive momentum in recurring revenue as well as bookings, Cusick tells investors in a research note. Further, the analyst expects both companies to expand margins as they leverage scale. He keeps Overweight ratings on both stocks.
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