Deutsche Bank Initiates Coverage On Public Storage with Sell Rating, Announces Price Target of $250
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Omotayo Okusanya has initiated coverage on Public Storage (NYSE:PSA) with a Sell rating and set a price target of $250.
January 30, 2024 | 11:50 am
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Deutsche Bank has initiated coverage on Public Storage with a Sell rating and a price target of $250, which may influence the stock's performance.
The initiation of coverage by a major bank with a Sell rating typically suggests a bearish outlook on the stock, which can lead to a negative investor sentiment and a potential decrease in the stock price in the short term. The price target of $250 set by Deutsche Bank provides a specific expectation that may be compared against the current market price, further influencing investor decisions.
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