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Public Storage price target raised to $374 from $327 at Barclays
The Fly

Public Storage price target raised to $374 from $327 at Barclays

Barclays raised the firm’s price target on Public Storage to $374 from $327 and keeps an Overweight rating on the shares. The firm reduced occupancy and rent assumptions for the second half of 2024 following seasonal demand that was softer than its expectations. It projects continued but narrowing year-over-year declines in occupancy and rates for self storage real estate investment trusts.

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