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Fly News Breaks for November 4, 2019
EQIX
Nov 4, 2019 | 11:41 EDT
FBN Securities analyst Shebly Seyrafi raised his price target on Equinix shares to $625 from $550 after the company exceeded the AFFO per share consensus forecast and reported MRR churn that declined on both a yearly and sequential basis and "remains below the key 2.5% level." The analyst, who added that he was "particularly impressed" by the improvement in the company's pricing, keeps an Outperform rating on Equinix shares.
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