Wells Fargo analyst Eric Luebchow lowered the firm’s price target on National Storage (NSA) to $35 from $38 and keeps an Underweight rating on the shares. The firm leans slightly more constructive on storage into earnings, with likely select guidance raises even despite choppy move-in rate data in June/July. Fundamentals appear to have bottomed, even if near-term growth is likely to remain muted, Wells adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSA:
- National Storage initiated with an Underperform at BNP Paribas Exane
- Buy/Sell: Wall Street’s top 10 stock calls this week
- U.S. extends EU tariff deadline, Salesforce to acquire Informatica: Morning Buzz
- National Storage downgraded to Underweight from Equal Weight at Morgan Stanley