Raymond James upgraded Extra Space Storage (EXR) to Strong Buy from Outperform with an unchanged price target of $185. On Monday, Extra Space emerged victorious in the war for Life Storage (LSI) with a $146/share all-stock bid that was unanimously approved by both boards as a superior offer to Public Storage’s (PSA) bid, the analyst tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on EXR:
- Truist does not think will be offer superior to Extra Space’s for Life Storage
- BMO ‘can’t rule out a topping bid’ for Life Storage after Extra Space agreement
- Extra Space Storage falls 7% in pre-market after confirming Life Storage deal
- Extra Storage Down after Merger with Life Storage in Deal Worth $12.4 Billion
- Extra Space Storage & Life Storage Combine to Form the Preeminent Storage Operator