Public Storage price target raised to $330 from $320 at Wells Fargo

Wells Fargo raised the firm’s price target on Public Storage (PSA) to $330 from $320 and keeps an Overweight rating on the shares. The firm says that a recent rally makes the valuation setup in the space a little more challenging into Q3 earnings, although Wells expects the storage REITs to largely reiterate guides, with the setup for improving SS and FFO/share growth in 2026.