Piper Jaffray Has Equinix At Overweight (EQIX)

Piper Jaffray rates Equinix Inc. EQIX at Overweight with a $124 price target, as it picked up several strong data points in Europe. In the research note, Piper Jaffray writes, "Despite new smaller entrants pricing below the larger operators in Europe, the incumbents, including Equinix, have been able to maintain their premiums and in some areas raise pricing. Mr. Anker noted that the industry is seeing somewhat different trends in the different market segments. Pricing and demand trends for retail services are the strongest, while trends for wholesale datacenter services have not been as strong." Shares of EQIX lost 50 cents yesterday to close at $99.04, a loss of 0.5%. Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.