SmartStop Self Storage price target raised to $41 from $38 at Wells Fargo

Wells Fargo raised the firm’s price target on SmartStop Self Storage (SMA) to $41 from $38 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.