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Fly News Breaks for May 11, 2017
EQIX
May 11, 2017 | 07:45 EDT
Canaccord analyst Paul Morgan raised his price target on Equinix to $525 from $465 following meetings with management. The analyst said he sees near-term upside from the portfolio's top asset, selling into 600 new customer logos, and absorbing capacity from other locations. Morgan sees Equinix as well positioned to deliver double digit secular growth and he reiterated his Buy rating on the shares.
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