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Fly News Breaks for September 16, 2019
PSA
Sep 16, 2019 | 07:30 EDT
As previously reported, Morgan Stanley analyst Ronald Kamdem upgraded Public Storage to Equal Weight from Underweight, calling the rating change "a relative call" after the company screened better than its closest peer in his "deep dive" analysis of population migration and millennial exposure as long-term demand drivers. Kamdem raised his price target on Public Storage shares to $240 from $193.
News For PSA From the Last 2 Days
PSA
Mar 28, 2024 | 04:47 EDT
Raymond James analyst Jonathan Hughes double upgraded Public Storage to Strong Buy from Market Perform with a $330 price target. The analyst believes the company's recent revenue growth outperformance can be sustained versus peers due to more rent upside after less-aggressive rate increases over the past several years. The firm also expects Public Storage's revenue growth to inflect positively by mid-year, likely sooner than peers.