Equinix price target lowered to $822 from $835 at TD Cowen

TD Cowen analyst Michael Elias lowered the firm’s price target on Equinix to $822 from $835 and keeps an Outperform rating on the shares. The firm said they reported solid 2Q23 results provided mixed 3Q23 guidance and adjusted its 2023 guidance. They continue to view the stock as less compelling near-term given the recent rally but maintain our positive long-term outlook given its ability to drive durable LT AFFO/share growth.