B of A Securities Downgrades CubeSmart to Neutral, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jeffrey Spector has downgraded CubeSmart (NYSE:CUBE) from Buy to Neutral and lowered the price target from $51 to $38.

October 30, 2023 | 10:44 am
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CubeSmart has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $38.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for CubeSmart. The lowered price target from $51 to $38 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100