Morgan Stanley Is Watching for 2014 Guidance And Booking Trends On CyrusOne
In a report published Friday, Morgan Stanley analyst Simon Flannery reiterated an Overweight rating and $25.00 price target on CyrusOne (NASDAQ: CONE).
In the report, Morgan Stanley noted, “CyrusOne continues to benefit from the early stages of enterprise IT outsourcing. Though competition remains a concern, we believe CyrusOne's F1000 focus and geographic areas will support its revenue growth in 2014. Coupled with a discounted valuation relative to peers, we reiterate our OW.”
CyrusOne closed on Friday at $21.28.
Latest Ratings for CONE
|Aug 2015||Deutsche Bank||Maintains||Buy|
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