BofA lowered the firm’s price target on Public Storage (PSA) to $354 from $358 and keeps a Neutral rating on the shares. Q3 results for self-storage REITs are consistent with the view that the firm does not expect a pick-up in demand for self-storage in the near term, the analyst tells investors in an earnings recap note for the group.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PSA:
- Public Storage price target lowered to $380 from $381 at Barclays
- Public Storage price target lowered to $344 from $358 at RBC Capital
- Public Storage price target lowered to $365 from $375 at Wells Fargo
- Public Storage Reports Steady Revenue Amid Rising Costs
- Public Storage Appoints Christopher Sambar as COO