Keybanc Upgrades National Storage to Overweight, Announces $45 Price Target
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Todd Thomas has upgraded National Storage (NYSE:NSA) from Sector Weight to Overweight and set a price target of $45. This upgrade suggests a positive outlook on the company's stock performance.
January 05, 2024 | 10:35 am
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National Storage has been upgraded by Keybanc from Sector Weight to Overweight with a new price target of $45, indicating a potential upside from its current trading level.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or potential growth that may not have been priced in. The new price target of $45 by Keybanc implies a bullish view on the stock, which could encourage investors to buy, thus driving up the price in the short term.
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