Jefferies Raises PT On COR To $18

Jefferies has issued a report raising the Price Target of CoreSite Realty (NYSE: COR) from $17.00 to $18.00.

According to the report, "2011 FFO/sh guidance of $1.00 to $1.12 vs. pre-earnings consensus at $0.99 reflects the strong underlying multi-year growth story at COR. We expect 10%+ annual FFO/sh growth until at least 2013, driven by development and internal growth as COR benefits from solid data center market fundamentals."

COR has a Buy Rating and closed at $14.77 yesterday.