As previously reported, BofA analyst Jeffrey Spector upgraded Extra Space Storage (EXR) to Neutral from Underperform with a price target of $155, up from $141. The firm has a more positive view on the self storage sector versus other sectors that are more vulnerable to macro risk and “corporate paralysis,” the analyst tells investors. The firm believes Extra Space will benefit from its single brand initiative, where LSI facilities are rebranded as Extra, plus it expects cost savings to continue in 2025, the analyst added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXR:
- Extra Space Storage upgraded to Neutral from Underperform at BofA
- Apple, Starbucks upgraded: Wall Street’s top analyst calls
- Extra Space Storage upgraded to Outperform from Sector Perform at Scotiabank
- Extra Space Storage initiated with an Outperform at Mizuho
- Extra Space Storage price target lowered to $181 from $184 at Barclays
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue