Equinix shares don't reflect value of REIT conversion, says Wells Fargo

theflyonthewall.com

Wells Fargo believes that Equinix has superior metrics to its peers, and thus deserves to trade in-line with tower REITs. The firm increased its valuation range on the stock to $277 - $293 per share from $261 - $277 previously and keeps an Outperform rating on the shares.

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