BMO Capital upgraded CubeSmart (CUBE) to Outperform from Market Perform with a $49 price target up from $48, and moved to the analyst’s top pick in storage. The firm sees CubeSmart’s more urban exposure versus peers, exemplified in leading demographics, as likely to continue to outperform, particularly in New York City, the analyst tells investors. The firm, which raised its FY25 same-store revenue growth expectation to up 0.3% year-over-year, expects management to raise guidance with a solid acceleration of in-place rates, the analyst added.
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Read More on CUBE:
- CubeSmart price target raised to $43 from $39 at Mizuho
- 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