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

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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
Apr 2017Mitsubishi UFJInitiates Coverage OnNeutral
Apr 2017MacquarieInitiates Coverage OnOutperform
Jan 2017CitigroupDowngradesNeutralSell

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

 

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