By: Benzinga
UPDATE: Morgan Stanley Initiates CyrusOne at Equal-Weight on Relative Valuation
Morgan Stanley initiated coverage on CyrusOne (NASDAQ: CONE ) with an Equal-weight rating. Morgan Stanley noted, "CONE is trading within the REIT peer average at 2014E 12.3x EV/EBITDA and 16.9x P/AFFO. Its dividend yield of 2.8% is below the peer group, though there is potential for it to grow faster
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