Scotiabank analyst Maher Yaghi raised the firm’s price target on Equinix (EQIX) to $1,120 from $1,050 and keeps a Sector Perform rating on the shares. Headline results show a miss on Q1 topline and EBITDA guidance, but this was largely caused by a shift in revenue related to a large xScale deal, the analyst tells investors. The firm maintains its rating on the stock, looking for a better entry point.
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