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Fly News Breaks for August 16, 2018
EQIX
Aug 16, 2018 | 17:08 EDT
MUFG analyst Stephen Bersey raised his price target to Equinix to $483 and kept his Overweight rating after its Q2 results, saying that while revenues missed, AFFO and adjusted EBITDA beat expectations. Bersey notes that the company's "solid quarter" was highlighted by "continued integration of recently-acquired assets and progress on its hyperscale infrastructure team", anticipating its end markets to continue showing strength.
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