Truist Securities Maintains Buy Rating for Public Storage: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has reaffirmed its Buy rating on Public Storage (NYSE:PSA) and increased its price target from $285.00 to $315.00. Public Storage's stock is currently trading at $305.78, up 0.16% from the previous day. The new price target suggests a potential upside of 3.02% from the current price. Public Storage is the largest owner of self-storage facilities in the U.S. and has interests in the European market through Shurgard Self Storage.
December 28, 2023 | 5:00 pm
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Truist Securities maintains a Buy rating on Public Storage and raises the price target to $315, indicating a potential upside of 3.02% from the current trading price of $305.78.
The reaffirmation of a Buy rating and an increased price target by Truist Securities is a positive signal to investors, suggesting confidence in Public Storage's future performance. This could lead to increased investor interest and a potential short-term rise in the stock price, aligning with the new target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100