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Fly News Breaks for June 24, 2016
EQIX
Jun 24, 2016 | 08:46 EDT
William Blair analyst Jim Breen noted that at the company's analyst day meeting yesterday, Equinix gave targets to grow revenue at 10%, EBITDA at 12%, AFFO at 14%, and dividends at 15% annually from 2016 to 2020. Equinix shares are undervalued at current levels, given the company's geographic diversity, colocation market leadership, and high exposure to the rapidly growing public cloud segment, said Breen, who keeps an Outperform rating on the stock.
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