BMO Capital analyst Juan Sanabria downgraded Public Storage (PSA) to Market Perform from Outperform with a $325 price target The firm remains positive on Public Storage’s long-term fundamentals but says the shares have outperformed over the past year. With Los Angeles rent restriction pressures on sales growth expected to increase throughout 2025 and uncertainty about the timing of the rolling-off of restrictions ahead of fire season, BMO is taking a more balanced view on Public Storage shares, the analyst tells investors in a research note.
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