Morgan Stanley Maintains Equal-Weight on Equinix, Lowers Price Target to $767
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simon Flannery has maintained an Equal-Weight rating on Equinix (NASDAQ:EQIX) but reduced the price target from $785 to $767.
December 08, 2023 | 1:18 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Equinix but lowered the price target from $785 to $767.
The reduction in price target by Morgan Stanley could lead to a negative perception among investors, potentially causing a short-term dip in EQIX's stock price. However, since the rating remains unchanged at Equal-Weight, the impact may be moderate rather than severe.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100