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EQIX

Equinix

$421.53

1.16 (0.28%)

, COR

CoreSite Realty

$102.69

0.625 (0.61%)

13:10
02/16/19
02/16
13:10
02/16/19
13:10

Equinix, CoreSite Realty among stocks to play data-center boom, Barron's says

Data-center stocks may finally be getting over a rough patch, Daren Fonda writes in this week's edition of Barron's. Equinix (EQIX), CoreSite Realty (COR), Iron Mountain (IRM), and Interxion (INXN) are four leading companies whose stocks look compelling, he contended. Reference Link

EQIX

Equinix

$421.53

1.16 (0.28%)

COR

CoreSite Realty

$102.69

0.625 (0.61%)

IRM

Iron Mountain

$35.13

-0.14 (-0.40%)

INXN

Interxion

$64.65

0.81 (1.27%)

  • 25

    Feb

  • 25

    Feb

  • 26

    Mar

EQIX Equinix
$421.53

1.16 (0.28%)

01/02/19
BOFA
01/02/19
NO CHANGE
BOFA
Top 10 US Ideas for Q1 2019 at BofA/Merrill
BofA/Merrill's Alpha Generation Research team introduced its latest Top 10 US Ideas for Q1 2019. The list consists of 9 Buys that are Cigna (CI), Disney (DIS), Equinix (EQIX), Honeywell (HON), Lockheed Martin (LMT), Marvell (MRVL), Procter & Gamble (PG), AT&T (T), and Tapestry (TPR) and 1 Underperform rating which is Campbell Soup (CPB).
01/08/19
BREN
01/08/19
INITIATION
Target $477
BREN
Buy
Equinix initiated with a Buy at Berenberg
Berenberg analyst Nate Crosett initiated Equinix with a Buy and $477 price target.
01/14/19
GSCO
01/14/19
DOWNGRADE
Target $110
GSCO
Neutral
Crown Castle downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Brett Feldman downgraded Crown Castle (CCI) to Neutral and lowered his price target for the shares to $110 from $116. The analyst believes tower stocks are appropriately priced given his expectations for growth in 2019. "Near-peak growth expectations" are priced in at current share levels, Feldman tells investors in a research note. The analyst also laid his top picks in Americas Telecom Services. His favorite defensive stock is Verizon (VZ), his favorite value stock is Altice USA (ATUS), his most catalyst driven idea is Zayo Group (ZAYO) and his top data center operator is Equinix (EQIX).
02/14/19
FBCO
02/14/19
NO CHANGE
Target $474
FBCO
Outperform
Equinix price target raised to $474 from $467 at Credit Suisse
Credit Suisse analyst Sami Badri raised his price target for Equinix to $474 from $467 following quarterly results. The analyst believes the company is best positioned as a global interconnection leader and continues to see shareholder sponsorship at current levels given the business moat, global distribution, and strategically executed acquisitions to further expand into new metros and markets. The company has now completed its year-long investment year in 2018 that Badri believes will pay off, leading him to reiterate an Outperform rating.
COR CoreSite Realty
$102.69

0.625 (0.61%)

10/26/18
RBCM
10/26/18
DOWNGRADE
RBCM
Sector Perform
CoreSite Realty downgraded to Sector Perform from Outperform at RBC Capital
10/26/18
RBCM
10/26/18
DOWNGRADE
Target $115
RBCM
Sector Perform
CoreSite Realty downgraded to Sector Perform from Outperform at RBC Capital
As reported earlier, RBC Capital analyst Jonathan Atkin downgraded CoreSite Realty to Sector Perform from Outperform and lowered his price target to $115 from $123. The analyst cites "lower 2019 cash flow expectations" and the lack of near term catalysts while also pointing to the stock's premium valuation relative to its peers.
12/10/18
JEFF
12/10/18
DOWNGRADE
Target $102
JEFF
Hold
CoreSite Realty downgraded to Hold from Buy at Jefferies
Jefferies analyst Jonathan Petersen downgraded CoreSite Realty (COR) to Hold and lowered his price target for the shares to $102 from $107. A lack of sellable capacity reduces the company's growth outlook for 2019 and 2020, Petersen tells investors in a research note. The analyst sees better near-term growth in Digital Realty (DLR) and Equinix (EQIX), two stocks he upgraded this morning to Buy.
02/11/19
JPMS
02/11/19
DOWNGRADE
Target $95
JPMS
Underweight
CoreSite Realty downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Richard Choe downgraded CoreSite Realty to Underweight and lowered his price target for the shares to $95 from $100. The analyst sees growth headwinds for the company and highlights its increased leverage levels.
IRM Iron Mountain
$35.13

-0.14 (-0.40%)

11/20/18
11/20/18
INITIATION
Target $34

Neutral
Iron Mountain initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Michael Funk initiated Iron Mountain with a Neutral with a $34 price target saying valuation reflects volume headwinds and strategic shifts. Funk believes Iron Mountain's execution is a primary catalyst and stabilizing volumes are needed for shares to move higher.
08/10/18
FBCO
08/10/18
INITIATION
Target $25
FBCO
Underperform
Iron Mountain initiated with an Underperform at Credit Suisse
Credit Suisse analyst Kevin McVeigh initiated shares of Iron Mountain with an Underperform rating and $25 price target. I n a research note to investors, McVeigh says he "applauds" the company's pricing strategy and data center pivot, but believes organic revenue will continue to decelerate and possibly decline int he longer term in core storage as the pace of organic net unit volume declines accelerates. McVeigh contends that slower growth as well as less financial flexibility due to leverage and growing capital needs "offer an underwhelming" risk/reward profile.
09/20/18
BREN
09/20/18
INITIATION
Target $52
BREN
Buy
Iron Mountain initiated with a Buy at Berenberg
Berenberg analyst Nate Crossett started Iron Mountain with a Buy rating and $52 price target.
10/26/18
STFL
10/26/18
DOWNGRADE
Target $34
STFL
Hold
Iron Mountain downgraded to Hold from Buy at Stifel
Stifel analyst Shlomo Rosenbaum downgraded Iron Mountain to Hold and lowered his price target for the shares to $34 from $39. The company's core volume declines make it tough to disprove the "melting ice cube" narrative, Rosenbaum tells investors in a post-earnings research note. Data center is just 8% of Iron Mountain's EBITDA and going to 10% in two years, making it tough to position the company "as a poor man's data center play," the analyst contends. Rosenbaum struggles to see what will drive the stock up from here in a rising interest rate environment.
INXN Interxion
$64.65

0.81 (1.27%)

07/17/18
STFL
07/17/18
INITIATION
Target $72
STFL
Buy
Interxion resumed with a Buy at Stifel
Stifel analyst Erik Rasmussen resumed coverage of Interxion with a Buy rating and $72 price target, noting that the company has been gaining share and outpacing the market's growth, all organically, in Europe, which is "largely considered the next frontier for growth" in the data centers industry.
09/20/18
BREN
09/20/18
INITIATION
Target $93
BREN
Buy
Interxion initiated with a Buy at Berenberg
Berenberg analyst Nate Crossett started Interxion with a Buy rating and $93 price target.
12/20/18
FBCO
12/20/18
INITIATION
Target $70
FBCO
Outperform
Interxion initiated with an Outperform at Credit Suisse
Credit Suisse analyst Sami Badri started Interxion with an Outperform rating and $70 price target. The analyst believes Interxion is well positioned to capture expansions from existing customers and see better market pricing for capacity, which should lead to EBITDA margins and recurring revenues rising with little incremental investment.
06/15/18
COWN
06/15/18
NO CHANGE
Target $69
COWN
Outperform
Cowen sees multiple reasons to own Interxion
Cowen analyst Colby Synesael said Interxion is a name with multiple reasons to own. The analyst met with management who talked about its recent debt raise, which increases its financial flexibility. Also, the company continues to evaluate strategic opportunities, and the company's demand is expected to remain strong, said Synesael, who reiterated his Outperform rating and $69 price target on Interxion shares.

TODAY'S FREE FLY STORIES

CAL

Caleres

$25.72

-0.11 (-0.43%)

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CURLF

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LYG

Lloyds Banking

$3.27

-0.115 (-3.40%)

15:27
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IVZ

Invesco

$19.88

0.16 (0.81%)

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BV

BrightView

$15.34

-0.23 (-1.48%)

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XHB

SPDR Homebuilders

$38.38

0.82 (2.18%)

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Aggressive call buying in SPDR Homebuilders Fund as the sector sees strength »

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DLAKY

Lufthansa

$0.00

(0.00%)

15:19
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Lufthansa management to meet with Morgan Stanley »

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JEF

Jefferies Financial Group

$19.35

0.04 (0.21%)

15:19
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Options
Jefferies Financial Group options imply 4.0% move in share price post-earnings, below median historical move »

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NEXA

Nexa Resources

$12.46

-0.22 (-1.74%)

15:17
03/21/19
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Conference/Events
Nexa Resources management to meet with Morgan Stanley »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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15:15
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Canada CPI preview »

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SPY

SPDR S&P 500 ETF Trust

$284.73

3.29 (1.17%)

, SPX

S&P 500

$0.00

(0.00%)

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Periodicals
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SPY

SPDR S&P 500 ETF Trust

$284.73

3.29 (1.17%)

SPX

S&P 500

$0.00

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QQQ

Invesco QQQ Trust

$182.53

2.79 (1.55%)

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TRI

Thomson Reuters

$57.40

0.64 (1.13%)

15:12
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Conference/Events
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USB

U.S. Bancorp

$49.78

-0.59 (-1.17%)

, WFC

Wells Fargo

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U.S. Bancorp

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Wells Fargo

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MS

Morgan Stanley

$43.45

0.425 (0.99%)

JPM

JPMorgan

$102.96

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C

Citi

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GS

Goldman Sachs

$195.08

0.81 (0.42%)

BAC

Bank of America

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ZUO

Zuora

$24.08

0.36 (1.52%)

15:04
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Zuora options imply 16.5% move in share price post-earnings, below median historical move »

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SMG

Scotts Miracle-Gro

$79.39

2.27 (2.94%)

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  • 21

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BA

Boeing

$374.14

-2.27 (-0.60%)

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DRI

Darden

$116.09

7.47 (6.88%)

, BLMN

Bloomin' Brands

$19.73

0.37 (1.91%)

14:54
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Upgrade
Darden, Bloomin' Brands rating change at Gordon Haskett »

Darden upgraded to Hold…

DRI

Darden

$116.09

7.47 (6.88%)

BLMN

Bloomin' Brands

$19.73

0.37 (1.91%)

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  • 21

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NSA

National Storage

$28.29

0.5 (1.80%)

14:54
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National Storage management to meet with Morgan Stanley »

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  • 25

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AZO

AutoZone

$999.06

17.86 (1.82%)

14:51
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AutoZone management to meet with Morgan Stanley »

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XLK

Technology Select Sector SPDR

$75.09

1.85 (2.53%)

14:50
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Timely call buy in SPDR Technology Fund »

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