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Equinix price target lowered to $904 from $986 at Truist

Truist lowered the firm’s price target on Equinix (EQIX) to $904 from $986 and keeps a Buy rating on the shares. The company is facing near-term earnings drag and higher leverage to fund its largest-ever build cycle, positioning for the expected AI inference inflection, the analyst tells investors in a research note. Near-term catalysts like booking momentum, lower refi, or margin upside could drive a re-rating however, the firm added.

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