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Fly News Breaks for February 16, 2017
EQIX
Feb 16, 2017 | 08:38 EDT
Cowen analyst Colby Synesael noted Equinix reported good Q4 results although guidance was a little lower than expected. The analyst said the near-term upside may be limited due to an expected equity raise, but fundamentals remain solid. He believes the company is well positioned to sustain double digit growth and deserves a premium valuation. Synesael reiterated his Outperform rating and raised his price target to $343 from $417 on Equinix shares.
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