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

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Barclays Upgrades CyrusOne To Overweight
10 Biggest Price Target Changes For Thursday

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
Aug 2016BarclaysUpgradesEqual-weightOverweight
Aug 2016JefferiesMaintainsBuy
Jul 2016SunTrust Robinson HumphreyInitiates Coverage onBuy

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View the Latest Analyst Ratings

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

 

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