UPDATE: Jefferies Initiates CyrusOne at Buy on New Presence, Business Strategy
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
|Sep 2014||Stifel Nicolaus||Initiates Coverage on||Hold|
|Aug 2014||Citigroup||Initiates Coverage on||Neutral|
|Aug 2014||Raymond James||Maintains||Strong Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.