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Fly News Breaks for December 13, 2018
PSA
Dec 13, 2018 | 06:02 EDT
Jefferies analyst Omotayo Okusanya downgraded Public Storage to Underperform and lowered his price target for the shares to $175 from $202. The analyst believes excess supply from the past few years will keep negatively impacting street rents and occupancy in 2019. Okusanya views 2019 consensus estimates for Public Storage as too high.
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