Public Storage price target raised to $330 from $321 at Goldman Sachs

Goldman Sachs analyst Caitlin Burrows raised the firm’s price target on Public Storage (PSA) to $330 from $321 and keeps a Buy rating on the shares after its Q4 results. The company’s ability to wholly acquire large volumes accretively using its low cost of capital in the current environment is a differentiating factor and allows Public Storage to acquire assets that peers may not consider, the analyst tells investors in a research note. Goldman Sachs adds that the REIT’s ability to develop across cycles is a reliable earnings growth driver.