Scotiabank Maintains Sector Underperform on Extra Space Storage, Raises Price Target to $169
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Nicholas Yulico maintains a Sector Underperform rating on Extra Space Storage (NYSE:EXR) but raises the price target from $159 to $169.
August 22, 2024 | 4:34 pm
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Scotiabank maintains a Sector Underperform rating on Extra Space Storage but raises the price target to $169, indicating a slightly more positive outlook despite the underperform rating.
The analyst's decision to maintain a Sector Underperform rating suggests a cautious outlook on EXR's performance relative to its peers. However, the increase in the price target from $159 to $169 indicates a slightly improved valuation expectation. This mixed signal may lead to neutral short-term price movement as investors weigh the underperform rating against the higher price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100