Guggenheim starts Equinix with Buy, sees ‘attractive’ opportunity

Guggenheim initiated coverage of Equinix (EQIX) with a Buy rating and $933 price target The firm views the stock’s recent selloff as an “attractive buying opportunity.” Equinix is positioned to benefit from its scale and emerge as one of the data center leaders as industry consolidation continues, the analyst tells investors in a research note. Guggenheim believes the company is befitting as enterprise customers work to understand how to site their capacity. It’s analysis indicates the shares are undervalued.