In a report released today, Simon Flannery from Morgan Stanley maintained a Buy rating on CyrusOne (CONE), with a price target of $78.50. The company’s shares closed last Monday at $74.72, close to its 52-week high of $75.48.
Flannery has an average return of 24.4% when recommending CyrusOne.
According to TipRanks.com, Flannery is ranked #544 out of 5554 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for CyrusOne with a $74.07 average price target, implying a -1.2% downside from current levels. In a report issued on September 12, Guggenheim also maintained a Buy rating on the stock with a $81 price target.
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The company has a one-year high of $75.48 and a one-year low of $48.94. Currently, CyrusOne has an average volume of 890.5K.
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CyrusOne, Inc. engages in the ownership, operation, and development of enterprise-class, carrier-neutral, multi-tenant data center properties. It provides mission-critical data center facilities that protect and ensure the continued operation of information technology infrastructure for different customers.
