Mizuho raised the firm’s price target on CubeSmart (CUBE) to $43 from $39 and keeps a Neutral rating on the shares. Self Storage earnings were characterized by sequential improvements in fundamentals, the analyst tells investors in a research note. While encouraged by the progress made in the quarter, the firm still has a Neutral view on the subsector given a lack of visibility surrounding a housing market recovery and headwinds from supply.
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Read More on CUBE:
- Wolfe upgrades CubeSmart to Outperform on potential for growth acceleration
- CubeSmart price target raised to $48 from $47 at Truist
- CubeSmart upgraded to Outperform from Peer Perform at Wolfe Research
- CubeSmart price target lowered to $48 from $49 at Barclays
- CubeSmart upgraded to Buy from Neutral at BofA