Goldman Sachs Maintains Buy on Public Storage, Raises Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Andrew Rosivach has reaffirmed a Buy rating on Public Storage (NYSE:PSA) and increased the price target from $307 to $340.
January 11, 2024 | 1:32 pm
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Goldman Sachs has maintained a Buy rating on Public Storage and raised the price target to $340, indicating a positive outlook on the stock.
The increase in price target by a reputable investment bank like Goldman Sachs typically suggests a strong conviction in the company's future performance and is often viewed positively by the market. This can lead to increased investor confidence and a potential short-term rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100