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Fly News Breaks for October 21, 2019
CUBE
Oct 21, 2019 | 07:48 EDT
Raymond James analyst Jonathan Hughes upgraded CubeSmart to Strong Buy from Outperform with a $38.50 price target. In a research note to investors, the analyst says he believes Q3 results will be "positive" following what was likely a strong summer leasing season. The analyst says he continues to believe that same-store growth troughs in late-2020, though he now expects peak impact from new supply deliveries in early-2021 as ongoing shortages of skilled construction labor continue to delay delivery timelines.
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