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Fly News Breaks for January 22, 2020
EXR
Jan 22, 2020 | 08:08 EDT
JPMorgan analyst Michael Mueller initiated coverage of Extra Space Storage with a Neutral rating and $115 price target. The company has not been immune to industry headwinds stemming from new supply and expense pressures, says the analyst, who expects more growth moderation in 2020. He believes the trend of moderation will make it hard for Extra Space shares to outperform its real estate investment trust peers.