In a report released today, Ari Klein from BMO Capital maintained a Buy rating on CyrusOne (CONE – Research Report), with a price target of $83.00. The company’s shares closed last Wednesday at $80.81, close to its 52-week high of $83.14.
According to TipRanks.com, Klein is a 4-star analyst with an average return of 11.1% and a 66.7% success rate. Klein covers the Financial sector, focusing on stocks such as Xenia Hotels & Resorts, Host Hotels & Resorts, and Park Hotels & Resorts.
Currently, the analyst consensus on CyrusOne is a Moderate Buy with an average price target of $83.71, a 2.6% upside from current levels. In a report issued on October 20, Cowen & Co. also upgraded the stock to Buy with a $90.00 price target.
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The company has a one-year high of $83.14 and a one-year low of $61.64. Currently, CyrusOne has an average volume of 969K.
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CyrusOne, Inc. is a real estate investment trust, which specializes in the enterprise-class, carrier-neutral data center properties. The firm provides data center facilities that protect and ensure the continued operation of IT infrastructure. Its data center properties are purpose-built facilities with redundant power, cooling and telecommunications systems and that are not network-specific, enabling customer interconnectivity to a range of telecommunications carriers. The company was founded on July 31, 2012 and is headquartered in Dallas, TX.
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