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UPDATE: Jefferies Initiates CyrusOne at Buy on New Presence, Business Strategy

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CyrusOne Inc. Announces Public Offering of Common Stock, 11.3M Shares
Key Takeaways From The Deutsche Bank Dallas Data Center Tour

In a report published on Tuesday, Jefferies analyst Omotayo Okusanya initiated coverage on CyrusOne (NASDAQ: CONE) with a Buy rating and a $25 price target.

In the report, Jefferies stated, "We believe CONE's focus on being the low cost data center provider of choice for Fortune 1000 companies (especially in the Oil and Gas industry) is a key differentiation versus its peer group. CONE's stock also offers compelling value given our expectation of ~29% annual FFO/sh growth from 2013-2015 via portfolio lease-up and potential development projects."

CyrusOne closed on Monday at $20.89.

Latest Ratings for CONE

DateFirmActionFromTo
Jul 2015CitigroupDowngradesBuyNeutral
May 2015BarclaysMaintainsEqual-weight
Apr 2015Stephens & Co.UpgradesEqualweightOverweight

View More Analyst Ratings for CONE
View the Latest Analyst Ratings

Posted-In: Omotayo Okusanya Piper JaffrayAnalyst Color Initiation Analyst Ratings

 

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