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Fly News Breaks for October 3, 2019
CONE
Oct 3, 2019 | 07:16 EDT
Wells Fargo analyst Eric Luebchow raised his price target for CyrusOne to $85 from $66 as he is incrementally positive on a potential private take-out after visiting the company's headquarters. While management could not discuss recent media reports that it is exploring a sale, they did speak about the benefits of privately-funded data center companies, including the longer time horizon of investors and ability to push leverage higher. He reiterates an Outperform rating on the shares.
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