Equinix upgraded to Outperform from Market Perform at Cowen

Cowen analyst Michael Elias upgraded Equinix to Outperform from Market Perform with an $811 price target. The analyst also named Equinix among the firm’s "best ideas for 2023" at Cowen. The company is well positioned to weather a tough economic outlook as it has a "defensible interconnection moat" and healthy balance sheet, Elias tells investors in a research note. Equinix’s price increases disclosed earlier this year are an under-appreciated growth tailwind, adds the analyst.