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Fly News Breaks for October 31, 2019
LSI
Oct 31, 2019 | 04:56 EDT
Stifel analyst Stephen Manaker upgraded Life Storage to Buy from Hold with a price target of $114, up from $106. The company issued preliminary 2020 guidance well above previous estimates, with the big difference being better than expected results from the non-same-store portfolio, Manaker tells investors in a research note. He views the stock as attractive given the "strong growth outlook and modest valuations."
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