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Big Yellow Group upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs analyst Rebecca Parker assumed primary coverage from Jonathan Kownator and upgraded Big Yellow Group (BYLOF) to Buy from Neutral with a price target of 1,140 GBp, up from 1,110 GBp. The analyst cited an attractive valuation for the upgrade, noting Big Yellow’s “rental rate growth and a strong development pipeline,” accelerating Google searches for “storage and housing transaction growth,” and Big Yellow’s “competitive positioning.”

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