Scotiabank Initiates Coverage On Extra Space Storage with Sector Underperform Rating, Announces Price Target of $131
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Nicholas Yulico initiates coverage on Extra Space Storage (EXR) with a Sector Underperform rating and a price target of $131.

February 13, 2024 | 12:30 pm
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Scotiabank initiated coverage on Extra Space Storage with a Sector Underperform rating and a price target of $131.
The initiation of coverage by Scotiabank with a Sector Underperform rating suggests a bearish outlook on EXR's stock in the short term. The specific mention of a price target of $131 provides a quantifiable expectation for the stock's future performance. Given that analyst ratings can significantly influence market perception and investor behavior, this negative rating is likely to put downward pressure on EXR's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100