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Fly News Breaks for August 19, 2019
Aug 19, 2019 | 16:16 EDT
Stifel analyst Stephen Manaker initiated CubeSmart with a Hold rating and a price target of $35, saying the stock reflects his expectation of a "modest" relative growth and trades at a fair valuation. The analyst models CubeSmart 2019 FFO growth of 1.5% and 2020 at 2.8%, which are slightly below consensus and also believes that the company's acquisition volume will be "relatively modest."