Wells Fargo Downgrades CubeSmart to Equal-Weight, Announces $37 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Eric Luebchow has downgraded CubeSmart (NYSE:CUBE) from Overweight to Equal-Weight and set a price target of $37.
October 24, 2023 | 10:37 am
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CubeSmart has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a new price target of $37.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for CubeSmart. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $37 also provides a benchmark for investors.
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