HSBC Downgrades Equinix to Hold, Announces $900 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Phani Kanumuri downgrades Equinix (NASDAQ:EQIX) from Buy to Hold and sets a $900 price target.
March 20, 2024 | 7:11 pm
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Equinix downgraded from Buy to Hold by HSBC with a new price target of $900.
The downgrade from Buy to Hold suggests a neutral outlook on Equinix's stock, indicating that HSBC believes the stock might not provide significant returns in the short term. The $900 price target, however, suggests a belief in the stock's stability or potential for slight growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100