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CubeSmart price target raised to $46 from $43 at RBC Capital

RBC Capital raised the firm’s price target on CubeSmart (CUBE) to $46 from $43 and keeps an Outperform rating on the shares after its Q4 results. The company’s earnings call tone was notably upbeat on the ability for the sector to stage a recovery based on supply declines alone and without a significant demand catalyst, the analyst tells investors in a research note.

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