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Fly News Breaks for October 11, 2019
Oct 11, 2019 | 05:15 EDT
Jefferies analyst Jonathan Petersen upgraded Life Storage to Buy from Hold with a $122 price target.
News For LSI From the Last 2 Days
Feb 25, 2020 | 08:56 EST
KeyBanc analyst Todd Thomas raised his price target for Life Storage to $122 from $114 saying that despite the challenging self storage environment, the company is "firing on all cylinders" and 2020 is poised to mark a turning point for Life Storage. Revenue growth continues to improve, controllable expenses are being contained, and there appears to be a long runway for capitalizing on a number of other initiatives, he contends. As a result, the analyst notes Life Storage's cost of capital is improving, which provides support for the company's external growth initiatives. Thomas reiterates an Overweight rating on the shares.