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Extra Space Storage price target raised to $161 from $155 at BofA

BofA raised the firm’s price target on Extra Space Storage (EXR) to $161 from $155 and keeps a Neutral rating on the shares. The firm is updating its self storage estimates and targets following Q1 results. The firm believes Extra Space will benefit from its single brand initiative, but integration of the LSI portfolio remains a risk, the analyst tells investors.

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