Wolfe Research last night downgraded Equinix (EQIX) to Peer Perform from Outperform without a price target The firm expects the company’s earnings to show “predictable growth rather than dynamic change” given steady pricing growth in the main retail product type. Equinix now trades at a 27% premium to the group, versus an historical average premium of 16%, the analyst tells investors in a research note. Given the premium the company currently has to real estate investment trusts, further near term multiple expansion could be challenging, contends Wolfe.
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Read More on EQIX:
- Equinix downgraded to Peer Perform from Outperform at Wolfe Research
- Equinix: Strong Market Position and Growth Potential Justify Buy Rating
- Equinix Stockholders Approve Key Proposals at Annual Meeting
- Equinix price target raised to $837 from $834 at Barclays
- Equinix Issues €1.5 Billion in Green Senior Notes
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