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Fly News Breaks for May 7, 2019
CONE
May 7, 2019 | 07:25 EDT
As previously reported, Berenberg analyst Nate Crossett upgraded CyrusOne to Buy from Hold as he believes now is the time to own the stock for its outsized exposure to the European colocation market, contending that CyrusOne has the highest growth potential of the providers with a large wholesale component. Though 2019 AFFO is estimated to be down 2.6%, Crossett tells investors to look past 2019 towards the company's estimated AFFO growth of over 10% in 2020. He raised his price target on CyrusOne shares to $69 from $55.
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