Fly News Breaks for August 19, 2019
Aug 19, 2019 | 16:24 EDT
Stifel analyst Stephen Manaker initiated Life Storage with a Hold rating and a price target of $106, saying that while the stock is priced "attractively", he is concerned by the company's expected "modest" earnings growth over the next 1-2 years. The analyst notes that the REIT's last asset sale last month has improved its asset quality and focused its portfolio on higher growth markets, but expects that portfolio to deliver "excess growth" with time.
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