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Fly News Breaks for February 12, 2020
CONE
Feb 12, 2020 | 14:53 EDT
Cowen analyst Colby Synesael maintained a Market Perform rating and $76 price target on CyrusOne (CONE), noting that TMT Finance reported that the company "could have retained a financial advisor to manage/explore 'further interest' having received takeout interest last year." Synesael added that using a leveraged buyout analysis, he sees a valuation of $76 per share for the company, in line with his price target. The analyst also said that he is cautious on CyrusOne ahead of the company's Q4 earnings results and FY20 guidance.
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