Oppenheimer analyst Timothy Horan raised the firm’s price target on Equinix (EQIX) to $1,200 from $975 and keeps an Outperform rating on the shares. The firm says the company is seeing a significant turnaround in results and improved outlook from last June’s Analyst Day. The highlight is AFFO/share growth now expected to grow 11.5% vs. initial 7% guide, on lower interest expense and higher pricing/volumes.
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