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Fly News Breaks for May 2, 2019
EQIX
May 2, 2019 | 07:09 EDT
Citi analyst Michael Rollins raised his price target for Equinix to $527 from $508 citing the company's "favorable" Q1 results and increased 2019 guidance. While bottom-line results did benefit from a temporary dip in costs, underlying metrics were also favorable, Rollins tells investors in a research note. He believes the quarter reinforces the favorable positioning of Equinix's global retail data center business. The analyst remains a buyer of the shares.
News For EQIX From the Last 2 Days
