Equinix price target lowered to $900 from $1,000 at Argus

Argus analyst Marie Ferguson lowered the firm’s price target on Equinix to $900 from $1,000 but keeps a Buy rating on the shares. The stock has been volatile, reflecting Tech sector rotation and prompting the price target cut, however the firm still believes that the data storage business is a good investment with strong growth prospects in the APAC/EMEA regions, offsetting slower growth in North America, the analyst tells investors in a research note.