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Recommendations
Public Storage price target lowered to $175 from $205 at BMO Capital » 09:35
05/01/20
05/01
09:35
05/01/20
09:35
PSA

Public Storage

$185.62 /

-1.17 (-0.63%)

BMO Capital analyst R.…

BMO Capital analyst R. Jeremy Metz lowered the firm's price target on Public Storage to $175 from $205 and keeps an Underperform rating on the shares. The analyst maintains that the market was putting too much emphasis on the company's defensive qualities, and not enough on the "inevitable cash flow reset." Metz adds that the company's COVID-19 updates underscore "turbulent waters ahead", anticipating "significant" declines in move-in volumes, lower rates, and higher discounts.

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PSA Public Storage
$185.62 /

-1.17 (-0.63%)

04/28/20
Fly Intel: Top five analyst downgrades
04/28/20 Morgan Stanley
Morgan Stanley downgrades Public Storage to Underweight amid record job losses
04/28/20 Morgan Stanley
Public Storage downgraded to Underweight from Equal Weight at Morgan Stanley
04/01/20 BofA
Apple, Netflix among BofA's Top 10 U.S. ideas for Q2
Earnings
Public Storage reports Q1 core FFO $2.58, consensus $2.58 » 16:01
04/30/20
04/30
16:01
04/30/20
16:01
PSA

Public Storage

$184.10 /

-2.69 (-1.44%)

Reports Q1 revenue…

Reports Q1 revenue $609.54M, consensus $712.01M.

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PSA Public Storage
$184.10 /

-2.69 (-1.44%)

04/28/20
Fly Intel: Top five analyst downgrades
04/28/20 Morgan Stanley
Morgan Stanley downgrades Public Storage to Underweight amid record job losses
04/28/20 Morgan Stanley
Public Storage downgraded to Underweight from Equal Weight at Morgan Stanley
04/01/20 BofA
Apple, Netflix among BofA's Top 10 U.S. ideas for Q2
Over a month ago
Downgrade
Fly Intel: Top five analyst downgrades » 09:55
04/28/20
04/28
09:55
04/28/20
09:55
ISRG

Intuitive Surgical

$516.00 /

-1.4 (-0.27%)

, SQ

Square

$64.29 /

+0.7 (+1.10%)

, FND

Floor & Decor

$39.48 /

+0.65 (+1.67%)

, PSA

Public Storage

$196.51 /

+3.51 (+1.82%)

, ROKU

Roku

$126.01 /

-2.59 (-2.01%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intuitive Surgical (ISRG) downgraded to Neutral from Overweight at Piper Sandler with analyst Adam Maeder stating he believes a recovery of the capital equipment spending environment will likely take longer than previously expected. 2. Square (SQ) downgraded to Sell from Neutral at Compass Point with analyst Michael Del Grosso expecting "continued material headwinds" to Square's total payment volume and revenue given its "significant exposure" to small businesses. 3. Floor & Decor (FND) downgraded to Outperform from Strong Buy at Raymond James with analyst Matthew McClintock citing the current economic reality and near-term challenges. 4. Public Storage (PSA) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Ronald Kamdem saying job growth is the best indicator of storage demand and the firm's economists expect a record-high unemployment rate. 5. Roku (ROKU) downgraded to Neutral from Buy at Guggenheim with analyst Michael Morris stating that with investor sentiment on Roku having strengthened in recent weeks, he sees enthusiasm about the "stay-at-home" environment being priced into the stock. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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ISRG Intuitive Surgical
$516.00 /

-1.4 (-0.27%)

04/28/20 Piper Sandler
Intuitive Surgical downgraded to Neutral from Overweight at Piper Sandler
04/17/20 Deutsche Bank
Intuitive Surgical price target lowered to $500 from $595 at Deutsche Bank
04/17/20 SVB Leerink
Intuitive Surgical downgraded to Market Perform from Outperform at SVB Leerink
04/17/20 Stifel
Intuitive Surgical price target raised to $575 from $425 at Stifel
SQ Square
$64.29 /

+0.7 (+1.10%)

04/28/20 Compass Point
Compass Point downgrades Square to Sell on 'significant disconnect with reality'
04/28/20 Compass Point
Square downgraded to Sell from Neutral at Compass Point
04/16/20
Fly Intel: Top five analyst downgrades
04/16/20 Raymond James
Square downgraded to Underperform from Market Perform at Raymond James
FND Floor & Decor
$39.48 /

+0.65 (+1.67%)

04/28/20 Wells Fargo
Floor & Decor price target raised to $45 from $40 at Wells Fargo
04/28/20 Raymond James
Floor & Decor downgraded to Outperform at Raymond James on near-term challenges
04/28/20 Raymond James
Floor & Decor downgraded to Outperform from Strong Buy at Raymond James
04/27/20 Loop Capital
Floor & Decor price target lowered to $40 from $56 at Loop Capital
PSA Public Storage
$196.51 /

+3.51 (+1.82%)

04/28/20 Morgan Stanley
Morgan Stanley downgrades Public Storage to Underweight amid record job losses
04/28/20 Morgan Stanley
Public Storage downgraded to Underweight from Equal Weight at Morgan Stanley
04/01/20 BofA
Apple, Netflix among BofA's Top 10 U.S. ideas for Q2
03/26/20 Morgan Stanley
Public Storage resumed with an Equal Weight at Morgan Stanley
ROKU Roku
$126.01 /

-2.59 (-2.01%)

04/28/20 Guggenheim
Guggenheim downgrades Roku to Neutral with stay-at-home enthusiasm priced in
04/28/20 Guggenheim
Roku downgraded to Neutral from Buy at Guggenheim
04/20/20 DA Davidson
Roku price target lowered to $150 from $185 at DA Davidson
04/16/20 Berenberg
Roku initiated with a Buy at Berenberg
Downgrade
Morgan Stanley downgrades Public Storage to Underweight amid record job losses » 08:31
04/28/20
04/28
08:31
04/28/20
08:31
PSA

Public Storage

$193.00 /

+6.13 (+3.28%)

, EXR

Extra Space Storage

$91.65 /

+2.82 (+3.17%)

, NSA

National Storage

$28.75 /

+1.27 (+4.62%)

As previously reported,…

As previously reported, Morgan Stanley analyst Ronald Kamdem downgraded Public Storage (PSA) to Underweight from Equal Weight with a price target of $159, up from $148. Job growth is the best indicator of storage demand, contends the analyst, who notes that the firm's economists expect a record-high unemployment rate. Given this backdrop, he forecasts "unprecedented" same-store revenue growth declines of 9.8% in Q2 and 3.6% in Q4 for storage REITs he covers, Kamdem noted. He also lowered his price target for Extra Space Storage (EXR) to $68 from $94 and cut his price target for National Storage (NSA) to $24 from $32.

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PSA Public Storage
$193.00 /

+6.13 (+3.28%)

04/28/20 Morgan Stanley
Public Storage downgraded to Underweight from Equal Weight at Morgan Stanley
04/01/20 BofA
Apple, Netflix among BofA's Top 10 U.S. ideas for Q2
03/26/20 Morgan Stanley
Public Storage resumed with an Equal Weight at Morgan Stanley
03/24/20 BofA
Public Storage upgraded to Buy with $267 price target at BofA
EXR Extra Space Storage
$91.65 /

+2.82 (+3.17%)

04/17/20 KeyBanc
Extra Space Storage downgraded to Underweight from Sector Weight at KeyBanc
04/08/20 Raymond James
Extra Space risk/reward skews negatively, says Raymond James in downgrade
04/08/20 Raymond James
Extra Space downgraded to Underperform from Market Perform at Raymond James
04/07/20 Citi
Extra Space Storage upgraded to Buy from Neutral at Citi
NSA National Storage
$28.75 /

+1.27 (+4.62%)

04/14/20 Baird
National Storage downgraded to Neutral at Baird
04/14/20 Baird
National Storage downgraded to Neutral from Outperform at Baird
03/31/20 SunTrust
National Storage upgraded to Hold from Sell at SunTrust
03/30/20 SunTrust
National Storage upgraded to Hold from Sell at SunTrust
Downgrade
Public Storage downgraded to Underweight from Equal Weight at Morgan Stanley » 05:36
04/28/20
04/28
05:36
04/28/20
05:36
PSA

Public Storage

$193.00 /

+6.13 (+3.28%)

Morgan Stanley analyst…

Morgan Stanley analyst Ronald Kamdem downgraded Public Storage to Underweight from Equal Weight with a $159 price target.

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PSA Public Storage
$193.00 /

+6.13 (+3.28%)

04/01/20 BofA
Apple, Netflix among BofA's Top 10 U.S. ideas for Q2
03/26/20 Morgan Stanley
Public Storage resumed with an Equal Weight at Morgan Stanley
03/24/20 BofA
Public Storage upgraded to Buy with $267 price target at BofA
03/24/20 BofA
Public Storage upgraded to Buy from Neutral at BofA
Recommendations
Apple, Netflix among BofA's Top 10 U.S. ideas for Q2 » 08:52
04/01/20
04/01
08:52
04/01/20
08:52
AAPL

Apple

$254.28 /

-0.61 (-0.24%)

, AEE

Ameren

$72.93 /

-5.26 (-6.73%)

, FIS

FIS

$121.59 /

-3.73 (-2.98%)

, HON

Honeywell

$133.81 /

+1.95 (+1.48%)

, LOW

Lowe's

$86.21 /

-2.52 (-2.84%)

, NFLX

Netflix

$375.50 /

+4.73 (+1.28%)

, NEM

Newmont

$45.20 /

-1.14 (-2.46%)

, PG

Procter & Gamble

$110.07 /

-4.93 (-4.29%)

, PSA

Public Storage

$198.21 /

-3.52 (-1.74%)

, TRI

Thomson Reuters

$67.75 /

+1.22 (+1.83%)

Analysts at BofA…

Analysts at BofA Securities released their Top 10 short-term stock recommendations for the second quarter with a focus exclusively on long opportunities given the recent market rout. The Buy recommendations for Q2 that made the list are Ameren (AEE), Apple (AAPL), Fidelity National (FIS), Honeywell (HON), Lowe's (LOW), Netflix (NFLX), Newmont (NEM), Procter & Gamble (PG), Public Storage (PSA) and Thomson Reuters (TRI).

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AAPL Apple
$254.28 /

-0.61 (-0.24%)

04/01/20 Argus
Apple earnings target cut at Argus
03/31/20 KeyBanc
Synaptics downgraded to Sector Weight at KeyBanc
03/31/20 BofA
Cirrus Logic double-upgraded to Buy from Underperform at BofA
03/30/20 BofA
US 1 List changes at BofA
AEE Ameren
$72.93 /

-5.26 (-6.73%)

02/19/20 BMO Capital
Ameren initiated with an Outperform at BMO Capital
02/14/20 Wells Fargo
Ameren price target raised to $95 from $86 at Wells Fargo
02/03/20 JPMorgan
Evergy price target raised to $76 from $72 at JPMorgan
FIS FIS
$121.59 /

-3.73 (-2.98%)

03/30/20 SunTrust
FIS upgraded to Buy from Hold at SunTrust
03/27/20 JPMorgan
FIS, Fiserv upgraded to Overweight from Neutral at JPMorgan
03/27/20 Rosenblatt
Rosenblatt starts Global Payments at Buy with $179 price target
03/27/20 Rosenblatt
Rosenblatt starts FIS at Buy with $140 price target
HON Honeywell
$133.81 /

+1.95 (+1.48%)

03/31/20 JPMorgan
Rockwell, GE least favored Multi-Industry names at JPMorgan
03/31/20 Atlantic Equities
Honeywell downgraded to Neutral from Overweight at Atlantic Equities
03/23/20 Morgan Stanley
Morgan Stanley cuts Multi-Industry estimates, shakes up ratings with 7 changes
03/23/20 Daiwa
Daiwa upgrades Honeywell to Outperform on balance sheet, diversification
LOW Lowe's
$86.21 /

-2.52 (-2.84%)

04/01/20 Jefferies
Home Depot, Lowe's price targets trimmed at Jefferies
04/01/20 Credit Suisse
Lowe's price target lowered to $106 from $131 at Credit Suisse
04/01/20 Nomura Instinet
Lowe's price target raised to $120 from $100 at Nomura Instinet
03/25/20 Wolfe Research
Lowe's upgraded to Outperform from Peer Perform at Wolfe Research
NFLX Netflix
$375.50 /

+4.73 (+1.28%)

04/01/20 Bernstein
Netflix price target raised to $487 from $423 at Bernstein
04/01/20 Wells Fargo
Netflix price target raised to $305 from $265 at Wells Fargo
03/25/20 Credit Suisse
Credit Suisse raises subscribers for Netflix on social distancing
03/23/20
Fly Intel: Top five analyst upgrades
NEM Newmont
$45.20 /

-1.14 (-2.46%)

03/26/20 Deutsche Bank
Deutsche ups price gold equity price targets on higher conviction
02/24/20 CIBC
Newmont upgraded to Outperformer from Neutral at CIBC
02/06/20
Fly Intel: Top five analyst initiations
02/06/20 UBS
Newmont initiated with a Neutral at UBS
PG Procter & Gamble
$110.07 /

-4.93 (-4.29%)

03/30/20
Fly Intel: Top five analyst upgrades
03/30/20 Jefferies
Procter & Gamble upgraded to Buy from Hold at Jefferies
03/26/20 Stifel
Procter & Gamble upgraded to Buy from Hold at Stifel
03/26/20 Argus
Procter & Gamble upgraded to Buy from Hold at Argus
PSA Public Storage
$198.21 /

-3.52 (-1.74%)

03/26/20 Morgan Stanley
Public Storage resumed with an Equal Weight at Morgan Stanley
03/24/20 BofA
Public Storage upgraded to Buy with $267 price target at BofA
03/24/20 BofA
Public Storage upgraded to Buy from Neutral at BofA
12/10/19 Wells Fargo
Public Storage, CubeSmart cut to Underperform at Wells Fargo
TRI Thomson Reuters
$67.75 /

+1.22 (+1.83%)

03/31/20 Canaccord
Thomson Reuters upgraded to Hold from Sell at Canaccord
03/27/20 RBC Capital
Thomson Reuters upgraded to Outperform from Sector Perform at RBC Capital
03/27/20 RBC Capital
Thomson Reuters upgraded to Outperform from Sector Perform at RBC Capital
Initiation
Public Storage resumed with an Equal Weight at Morgan Stanley » 07:06
03/26/20
03/26
07:06
03/26/20
07:06
PSA

Public Storage

$176.57 /

+7.84 (+4.65%)

Morgan Stanley analyst…

Morgan Stanley analyst Ronald Kamdem resumed coverage of Public Storage with an Equal Weight rating and $148 price target. While the REIT has one of the strongest balance sheet in its group, a deep recession is not yet being priced in and he would recommend waiting for a better entry point, Kamdem tells investors.

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PSA Public Storage
$176.57 /

+7.84 (+4.65%)

03/24/20 BofA
Public Storage upgraded to Buy with $267 price target at BofA
03/24/20 BofA
Public Storage upgraded to Buy from Neutral at BofA
12/10/19 Wells Fargo
Public Storage, CubeSmart cut to Underperform at Wells Fargo
12/10/19 Wells Fargo
Public Storage downgraded to Underperform from Market Perform at Wells Fargo
Upgrade
Public Storage upgraded to Buy with $267 price target at BofA » 06:11
03/24/20
03/24
06:11
03/24/20
06:11
PSA

Public Storage

$161.29 /

-10.49 (-6.11%)

BofA analyst Jeffrey…

BofA analyst Jeffrey Spector upgraded Public Storage to Buy from Neutral with a price target of $267, up from $254. The analyst cites the company's balance sheet strength and its relative cash flow stability during a recession versus other real estate investment trust sectors for the upgrade. In the current volatile environment, Public Storage continues to outperform the broader market and this should continue, Spector tells investors in a research note.

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PSA Public Storage
$161.29 /

-10.49 (-6.11%)

03/24/20 BofA
Public Storage upgraded to Buy from Neutral at BofA
12/10/19 Wells Fargo
Public Storage, CubeSmart cut to Underperform at Wells Fargo
12/10/19 Wells Fargo
Public Storage downgraded to Underperform from Market Perform at Wells Fargo
11/19/19
Fly Intel: Top five analyst downgrades
Upgrade
Public Storage upgraded to Buy from Neutral at BofA » 06:03
03/24/20
03/24
06:03
03/24/20
06:03
PSA

Public Storage

$161.29 /

-10.49 (-6.11%)

BofA analyst Jeffrey…

BofA analyst Jeffrey Spector upgraded Public Storage to Buy from Neutral.

ShowHide Related Items >><<
PSA Public Storage
$161.29 /

-10.49 (-6.11%)

12/10/19 Wells Fargo
Public Storage, CubeSmart cut to Underperform at Wells Fargo
12/10/19 Wells Fargo
Public Storage downgraded to Underperform from Market Perform at Wells Fargo
11/19/19
Fly Intel: Top five analyst downgrades
11/19/19 BofA
Public Storage downgraded to Neutral from Buy at BofA/Merrill
Over a quarter ago
Earnings
Public Storage reports Q4 core FFO $2.84, consensus $2.86 » 16:01
02/25/20
02/25
16:01
02/25/20
16:01
PSA

Public Storage

$221.33 /

-5.29 (-2.33%)

Reports Q4 revenue…

Reports Q4 revenue $717.5M, consensus $721.24M.

ShowHide Related Items >><<
PSA Public Storage
$221.33 /

-5.29 (-2.33%)

12/10/19 Wells Fargo
Public Storage, CubeSmart cut to Underperform at Wells Fargo
12/10/19 Wells Fargo
Public Storage downgraded to Underperform from Market Perform at Wells Fargo
11/19/19
Fly Intel: Top five analyst downgrades
11/19/19 BofA
Public Storage downgraded to Neutral from Buy at BofA/Merrill

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