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Fly News Breaks for January 3, 2017
EXR
Jan 3, 2017 | 08:15 EDT
As noted earlier, RBC Capital downgraded Extra Space Storage to Sector Perform from Outperform. Analyst Wes Golladay expects the REIT's organic growth to slow in 2017 as storage sector trends moderate. He adds that the REIt's debt burden is above average, making it less attractive as rates rise. Target remains $79.
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