Citigroup Maintains Neutral Rating for Extra Space Storage: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for Extra Space Storage (NYSE:EXR) but lowered its price target from $160.00 to $135.00. The shares of Extra Space Storage are currently trading down 2.23% at $123.97 per share. A move to $135.00 would account for an 8.9% increase from the current share price.
September 13, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Citigroup has maintained its Neutral rating for Extra Space Storage but lowered its price target. This could potentially lead to a short-term decrease in the stock price.
The lowering of the price target by Citigroup, a major financial institution, could lead to a decrease in the stock price of Extra Space Storage in the short term. This is because the new price target is lower than the previous one, indicating a less optimistic outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100