Equinix price target lowered to $781 from $788 at Barclays

Barclays analyst Brendan Lynch lowered the firm’s price target on Equinix to $781 from $788 and keeps an Equal Weight rating on the shares post the Q4 report. With an “industry-leading” fleet of interconnected global data centers and a suite of value-added services, Equinix remains well positioned to capture data center demand, the analyst tells investors in a research note. However, the company’s volume growth has stalled, “which we (and investors) find perplexing,” adds the firm.