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Fly News Breaks for March 29, 2019
EQIX
Mar 29, 2019 | 08:30 EDT
Nomura Instinet analyst Jeffrey Kvaal raised his price target for Equinix to $500 from $480 and keeps a Buy rating on the shares. The analyst expects "stabilized" asset growth to trend in the 3%-5% range as the 100G migration winds down and the Verizon assets demonstrate growth. Further, the recent ratings upgrade from S&P and the off-balance sheet hyper-scale joint venture should be additive to AFFO per share, Kvaal tells investors in a research note. He sees better visibility to upward revisions to guidance for Equinix.