Evercore ISI analyst Steve Sakwa lowered the firm’s price target on Extra Space Storage (EXR) to $147 from $149 and keeps an In Line rating on the shares. Storage REITs face a delayed recovery as the market shifts focus to 2026 despite some positive trends in Q3, says the analyst, who says the cautious outlook for the big three storage REITs reflects a tempered view on 2026 estimates.
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