Mizuho analyst Ravi Vaidya initiated coverage of CubeSmart (CUBE) with a Neutral rating and $39 price target CubeSmart has “an irreplaceable portfolio in top demographics,” with a strong foothold in New York City, the analyst tells investors. However, while a long-term positive, it contends that CubeSmart’s elevated geographical concentration is “not a positive in the current environment.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CUBE:
- CubeSmart price target lowered to $49 from $50 at Barclays
- Robinhood initiated, MongoDB downgraded: Wall Street’s top analyst calls
- CubeSmart upgraded to Overweight from Sector Weight at KeyBanc
- CubeSmart downgraded to Sector Perform from Outperform at Scotiabank
- CubeSmart Announces New Equity Distribution Agreement
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue