Goldman Sachs reinstated coverage of Big Yellow Group (BYLOF) with a Neutral rating and 1,120 GBp price target after the termination of discussions of a potential bid from Blackstone (BX). The firm expects limited occupancy growth in the near term and expects operational metrics to “remain muted,” the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BYLOF:
- Blackstone abandons potential bid for Big Yellow Group, Bloomberg reports
- Big Yellow Group Ends Acquisition Talks with Blackstone
- Big Yellow Group Faces Increased Property Rates After UK Budget Revaluation
- Midday Fly By: Nvidia invests in Synopsys, U.S. strikes pharma deal with UK
- Big Yellow Group PLC Announces Total Voting Rights Update
