Morgan Stanley Upgrades Extra Space Storage to Equal-Weight, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ronald Kamdem upgraded Extra Space Storage (NYSE:EXR) from Underweight to Equal-Weight and increased the price target from $115 to $150.
December 21, 2023 | 11:16 am
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Morgan Stanley upgraded Extra Space Storage's stock from Underweight to Equal-Weight and raised the price target to $150, indicating a more favorable outlook.
Upgrades by major analysts like Morgan Stanley can lead to increased investor confidence and potential stock price appreciation in the short term. The significant raise in the price target from $115 to $150 suggests a more optimistic view on the company's valuation and future performance.
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IMPORTANCE 85
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