Evercore ISI analyst Steve Sakwa raised the firm’s price target on Extra Space Storage (EXR) to $149 from $147 and keeps an In Line rating on the shares. The firm’s annual storage symposium “painted a picture of ‘cautious optimism’ for 2026,” according to the analyst, who notes that expectations that reduced supply could enhance pricing power and support top-line growth. However, any significant uptick in fundamentals hinges on a housing market revival, which “seems unlikely” without mortgage rates dropping, the analyst added.
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