Evercore ISI Group Downgrades CubeSmart to In-Line, Raises Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Steve Sakwa downgraded CubeSmart (NYSE:CUBE) from Outperform to In-Line while raising the price target from $42 to $43.

December 11, 2023 | 12:29 pm
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Evercore ISI Group downgraded CubeSmart's stock from Outperform to In-Line but increased the price target from $42 to $43.
The downgrade to In-Line suggests that Evercore ISI Group sees CubeSmart as adequately valued at its current price, indicating a neutral outlook on the stock's short-term performance. However, the increase in the price target to $43 implies a slight optimism about the company's value proposition, which could balance out the impact of the downgrade. Investors may interpret these mixed signals with caution, leading to a neutral short-term impact on the stock price.
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