Equinix price target raised to $835 from $815 at TD Cowen

TD Cowen analyst Michael Elias raised the firm’s price target on Equinix to $835 from $815 and keeps an Outperform rating on the shares. The firm said the company provided solid long-term guidance including organic revenue growth of 8-10% and AFFO/ share growth of 7-10%, in line with estimates although we view them as slightly conservative.