Equinix price target raised to $825 from $800 at Raymond James

Raymond James analyst Frank Louthan raised the firm’s price target on Equinix to $825 from $800 and keeps a Strong Buy rating on the shares following the Q4 results. The firm believes Equinix is demonstrating significant strength in its business model with stronger revenue and bookings guidance, despite the margin pressure from higher power costs, the analyst tells investors in a research note.