Truist lowered the firm’s price target on Public Storage to $285 from $305 and keeps a Buy rating on the shares. The analyst updated models in the REIT space to reflect the Q3 results, recent events, and adjusted revenue growth and expense assumptions.
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Read More on PSA:
- Public Storage price target raised to $271 from $268 at Evercore ISI
- Public Storage reports Q3 core FFO $4.33, consensus $4.21
- Public Storage options imply 3.0% move in share price post-earnings
- Public Storage price target lowered to $295 from $326 at BofA
- PSA Upcoming Earnings Report: What to Expect?
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