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Fly News Breaks for January 9, 2019
CUBE
Jan 9, 2019 | 07:18 EDT
As reported earlier, BMO Capital analyst R. Jeremy Metz downgraded CubeSmart to Market Perform from Outperform and lowered his price target to $30 from $31. The analyst notes that he remains positive on the company's "geographic positioning, robust third party management business, and one of the industry's leading internet/revenue management platforms", but sees the deceleration in the industry fundamentals contributing to a more balanced risk-reward on the stock.
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