Evercore ISI analyst Steve Sakwa raised the firm’s price target on CubeSmart to $42 from $41 and keeps an Outperform rating on the shares. The firm is rolling forward its valuation framework in its real estate coverage to capture an additional year of earnings growth, rolling forward its AFFO estimates from 2024 to 2025 and adjusting its price targets accordingly.
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Read More on CUBE:
- CubeSmart sees FY23 EPS $1.78-$1.80, consensus $1.76
- CubeSmart reports Q3 EPS 45c, consensus 45c
- CubeSmart Reports Third Quarter 2023 Results
- Cubesmart (CUBE) Q3 Earnings Cheat Sheet
- CubeSmart (NYSE:CUBE) Downgrades to Neutral at BofA
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