B of A Securities Downgrades Extra Space Storage to Underperform, Lowers Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Extra Space Storage (NYSE:EXR) from Neutral to Underperform and lowered the price target from $172 to $155.
August 05, 2024 | 10:22 am
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NEGATIVE IMPACT
B of A Securities has downgraded Extra Space Storage from Neutral to Underperform and reduced the price target from $172 to $155, indicating a bearish outlook.
The downgrade from Neutral to Underperform by a major analyst firm like B of A Securities is likely to negatively impact investor sentiment. The lowered price target from $172 to $155 suggests a bearish outlook on the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100