Barclays lowered the firm’s price target on Extra Space Storage (EXR) to $178 from $181 and keeps an Overweight rating on the shares. The firm updated models in the self storage space. It prefers self-storage to other real estate investment trust subsectors citing improving operating metrics, their resiliency during past periods of economic weakness, and steady cash flows.
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Read More on EXR:
- Extra Space Storage price target raised to $161 from $155 at BofA
- Extra Space Storage price target raised to $166 from $149 at Scotiabank
- Extra Space Storage price target lowered to $160 from $163 at RBC Capital
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