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Fly News Breaks for December 3, 2019
CONE
Dec 3, 2019 | 04:56 EDT
Stifel analyst Erik Rasmussen added CyrusOne to his firm's Select List saying he likes the stock as a top pick given the company's leverage to hyperscale, which he sees improving next year. Further, CyrusOne offers better than peer average growth, an investment grade rating, and increased scale in Europe which should drive operational leverage, Rasmussen tells investors in a research note. He keeps a Buy rating on the shares with an $85 price target and expects CyrusOne's "valuation gap" relative to peers to close.
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