Barclays Maintains Equal-Weight on Equinix, Lowers Price Target to $669
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brendan Lynch maintains an Equal-Weight rating on Equinix (NASDAQ:EQIX) and lowers the price target from $818 to $669.
April 17, 2024 | 1:09 pm
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Barclays maintains an Equal-Weight rating on Equinix and lowers the price target from $818 to $669.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Equinix's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the company as adequately valued at its current price, but the significant drop in the price target may reflect concerns about the company's future growth prospects or market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100