Barclays analyst Brendan Lynch lowered the firm’s price target on Public Storage (PSA) to $354 from $361 and keeps an Overweight rating on the shares. The firm slightly lowered self-storage estimates to reflect soft demand, lingering supply pressure, and “muted” expectations for seasonal demand compared to last year.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PSA:
- Public Storage price target lowered to $333 from $338 at Scotiabank
- Public Storage’s Earnings Call: Mixed Sentiments and Strategic Moves
- Extra Space Storage price target lowered to $163 from $167 at RBC Capital
- Public Storage price target lowered to $329 from $342 at RBC Capital
- Public Storage Reports Stable Growth Amid Strategic Expansion