BofA lowered the firm’s price target on National Storage (NSA) to $37 from $40 and keeps an Underperform rating on the shares. Following a recent Chicago tour and expert call with private self storage operators, the firm is “incrementally more positive” on self storage relative to other REIT sectors and views this as a favorable factor in the context of today’s heightened macro uncertainty, the analyst tells investors.
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Read More on NSA:
- National Storage initiated with a Neutral at Mizuho
- National Storage price target lowered to $39 from $42 at Baird
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