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Fly News Breaks for February 27, 2018
PSA
Feb 27, 2018 | 07:17 EDT
As previously reported, BofA/Merrill upgraded Public Storage to Neutral from Underperform and raised its price target to $212 from $207. Analyst Juan Sanabria said the Q4 report showed signs of a trough with solid demand and improving macro data. Sanabria sees an opportunity for PSA to benefit from late cycle external growth opportunities as it aggressively expands and from leverage to its new third party management business.
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