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Fly News Breaks for August 7, 2017
LSI
Aug 7, 2017 | 06:21 EDT
Evercore ISI analyst Steve Sakwa downgraded Life Storage to Underperform and cut its price target to $71 from $77 saying he was disappointed with many of the trends in Q2 and has taken a more cautious view on internal growth. The analyst has seen few signs of a real recovery in major Texas markets and lowered his NOI growth estimate to negative 5%-6% growth in the second half and expects it to remain negative throughout 2018.
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