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CubeSmart price target lowered to $48 from $49 at Barclays

Barclays analyst Brendan Lynch lowered the firm’s price target on CubeSmart (CUBE) to $48 from $49 and keeps an Equal Weight rating on the shares. The firm updated models in the self storage space. It prefers self-storage to other real estate investment trust subsectors citing improving operating metrics, their resiliency during past periods of economic weakness, and steady cash flows.

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