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Fly News Breaks for May 17, 2019
CONE
May 17, 2019 | 07:28 EDT
Deutsche Bank analyst Matthew Niknam upgraded CyrusOne to Buy from Hold and raised his price target for the shares to $70 from $66. CyrusOne offers the best combination of forward growth at a discounted valuation among communication infrastructure real estate investment trusts, Niknam tells investors in a research note. The analysts says his estimates imply a sustainable path towards low double- digit growth in 2020 and beyond alongside "meaningful dividend growth."
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