Wells Fargo Upgrades Public Storage to Overweight, Raises Price Target to $310
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Eric Luebchow upgraded Public Storage (NYSE:PSA) from Equal-Weight to Overweight and increased the price target from $280 to $310.
April 05, 2024 | 1:06 pm
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POSITIVE IMPACT
Public Storage was upgraded by Wells Fargo from Equal-Weight to Overweight, with a price target increase from $280 to $310.
The upgrade by a major financial institution like Wells Fargo, along with a significant increase in the price target, is likely to instill positive sentiment among investors. This could lead to an increase in demand for PSA shares in the short term, pushing the price upwards.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100