Equinix price target raised to $755 from $740 at BMO Capital

BMO Capital analyst Ari Klein raised the firm’s price target on Equinix to $755 from $740 but keeps a Market Perform rating on the shares after its Q4 results. The company continues to execute well and push pricing with little evidence of customer pushback and same-store revenue growth of 6% that remains elevated, the analyst tells investors in a research note. The firm adds however that while "broadly solid", Eqinix’s quarter also "lacked upside", and its soft interconnection net adds point to moderating usage based demand.