Market Overview

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

Share:
Related CONE
Wells Fargo: 27 Stocks To Play Real Estate In 2018
Wall Street's M&A Chatter From December 21: Boeing-Embraer, CyrusOne-Zenium Data Centers, Home Depot-The Company Store
Dividend Challengers (And Near-Challengers): 153 Increases Expected By The End Of March (Seeking Alpha)

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
Nov 2017Morgan StanleyMaintainsOverweight
Nov 2017JefferiesMaintainsBuy
Nov 2017UBSMaintainsBuy

View More Analyst Ratings for CONE
View the Latest Analyst Ratings

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

 

Related Articles (CONE)

View Comments and Join the Discussion!