B of A Securities Downgrades Extra Space Storage to Neutral, Lowers Price Target to $119
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jeffrey Spector has downgraded Extra Space Storage (NYSE:EXR) from Buy to Neutral and lowered the price target from $155 to $119.
October 30, 2023 | 1:28 pm
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Extra Space Storage has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $119.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for the company. The lowered price target from $155 to $119 suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock price.
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