Jefferies analyst Mike Prew upgraded Big Yellow Group (BYLOF) to Buy from Hold with a 1,224 GBp price target Like all self-storage operators, Big Yellow Group is balancing occupancy vs. rates with hotel-like economics, the firm says, adding that it forecasts modest EPS growth for the company, which seems sensibly debt adverse with a 3-turns ND/EBITDA ratio and a 3-4-turns target range.
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