Raymond James Maintains Outperform on CubeSmart, Lowers Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Jonathan Hughes has maintained an Outperform rating on CubeSmart (NYSE:CUBE) but lowered the price target from $53 to $50.
August 31, 2023 | 11:28 am
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CubeSmart's price target has been lowered from $53 to $50 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Outperform rating indicates that the analyst still sees potential upside for the stock, which could counterbalance the negative impact of the lowered price target.
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