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Fly News Breaks for May 8, 2018
EXR
May 8, 2018 | 07:33 EDT
As reported earlier, BofA/Merrill analyst Juan Sanabria upgraded Extra Space Storage to Buy from Neutral and raised his price target to $105 from $102. The analyst cites the strength of the REIT's platform and portfolio demonstrated in its Q1 earnings report, saying they were able to drive "rate and occupancy" in spite of new supply. Sanabria expects the company to maintain its "sector leading" growth heading into FY19.
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