Evercore ISI upgraded National Storage (NSA) to In Line from Underperform with a $41 price target after Public Storage (PSA) announced an all stock deal for its smaller rival. After updating the firm’s Public Storage model, the firm’s FY26 core FFO per share estimate is now $16.91, up from $16.88 prior, its price target stays at $311 and it retains an In Line rating as the firm says it will take some time to close and integrate this deal and ultimately recognize the synergies from scaling up its platform.
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