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Fly News Breaks for February 13, 2020
Feb 13, 2020 | 07:51 EDT
Citi analyst Michael Rollins raised his price target for Equinix to $710 from $652 saying the company reported "solid" Q4 results with consistent growth and an "encouraging" outlook for 2020. Underneath the headlines, Equinix added its best new logos since Q1 of 2018 and provided encouraging commentary for both Americas revenue growth and overall margin performance to improve over the course of this year, contends the analyst. He remains a buyer of the shares with a Buy rating.