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

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Key Takeaways From The Deutsche Bank Dallas Data Center Tour
Data Center REIT CyrusOne Jefferies Conference - Key Takeaways

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
May 2015BarclaysMaintainsEqual-weight
Apr 2015Stephens & Co.UpgradesEqualweightOverweight
Apr 2015CitigroupMaintainsNeutral

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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