Mizuho analyst Vikram Malhotra lowered the firm’s price target on Equinix (EQIX) to $1,053 from $1,094 and keeps an Outperform rating on the shares. Data center demand and bookings are likely to continue at a strong pace, but there is an “increasingly bifurcated view” on whether pricing power in the firm of rent growth is strong or “waning second derivative,” the analyst tells investors in a research note. The firm adjusted estimates in the space.
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