CubeSmart upgraded to Outperform from In Line at Evercore ISI

Evercore ISI upgraded CubeSmart (CUBE) to Outperform from In Line with a price target of $48, up from $47. Given an “attractive valuation” with the stock about flat year-to-date, any improvement in housing should be a tailwind to CubeSmart’s top-line growth next year, the analyst tells investors in a broader REIT note in which the analyst also rolled forward models to incorporate the firm’s 2027 AFFO estimates into its price target framework.