Citi analyst Michael Rollins lowered the firm’s price target on Equinix (EQIX) to $970 from $1,020 and keeps a Buy rating on the shares. The impact from tariffs is difficult to estimate as the policy and possible implications continue to evolve day-to-day, the analyst tells investors in a research note. The firm says the policy and uncertainty also introduces “second order risks” for a possible slowdown in macroeconomic activity that may impact business decisions for the telecom infrastructure names.
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