Equinix (NASDAQ:EQIX) Downgraded by Truist Financial

Truist Financial downgraded shares of Equinix from a buy rating to a hold rating. They noted that the move was due to increased competition from Amazon, Google, and Microsoft.

The Fly reported that Truist Financial downgraded Equinix's (NASDAQ:EQIX) stock from a Buy rating to a Hold rating in a Tuesday morning report. They currently have a $815.00 target price on the financial services providers stock, which is down from their prior price goal of $870.00.