CubeSmart price target raised to $42 from $39 at Scotiabank

Scotiabank analyst Viktor Fediv raised the firm’s price target on CubeSmart (CUBE) to $42 from $39 and keeps a Sector Perform rating on the shares. The firm notes that CubeSmart will need to complete more joint venture transactions and provide more details on its future expansion plans before becoming more optimistic on the stock, the analyst tells investors.