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Fly News Breaks for January 6, 2020
CUBE
Jan 6, 2020 | 06:59 EDT
BofA analyst Jeffrey Spector downgraded CubeSmart to Underperform from Neutral with a price target of $31, down from $33, telling investors that he sees it as most at risk to supply pressures among Storage REITs. While he notes that CubeSmart was able to better control marketing expenses in 2019 than its peers, Spector is concerned about marketing costs in the face of increased supply pressures, he tells investors.
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