Raymond James Maintains Strong Buy on Extra Space Storage, Lowers Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Jonathan Hughes has maintained a 'Strong Buy' rating on Extra Space Storage (NYSE:EXR), but lowered the price target from $165 to $145.
October 24, 2023 | 6:02 pm
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Extra Space Storage's price target has been lowered from $165 to $145 by Raymond James, though the 'Strong Buy' 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 maintenance of the 'Strong Buy' rating indicates that the analyst still sees significant upside potential, which could counteract the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100