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Fly News Breaks for August 21, 2019
LSI, PSA
Aug 21, 2019 | 09:20 EDT
Baird analyst RJ Milligan upgraded Public Storage (PSA) to Neutral from Underperform and raised his price target to $254 from $200. In a research note to investors, Miligan says it's "difficult" to recommend investors underweight any of the self-storage REITs given the relative safe-haven storage provides during recessions or when fear of a recession increases and the drastic drop in interest rates. The analyst also upgraded Life Storage (LSI) to Neutral.
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