Wells Fargo Maintains Overweight on CubeSmart, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Todd Stender has maintained an Overweight rating on CubeSmart (NYSE:CUBE) but lowered the price target from $50 to $46.

August 07, 2023 | 12:49 pm
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Wells Fargo has maintained an Overweight rating on CubeSmart but lowered the price target from $50 to $46.
The news is directly about CubeSmart. The Overweight rating suggests that Wells Fargo expects the stock to outperform, which could be positive for the stock. However, the lowering of the price target could be seen as a negative signal, potentially limiting the stock's upside. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100