UBS Downgrades CubeSmart to Neutral, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Michael Goldsmith has downgraded CubeSmart from Buy to Neutral, while slightly raising the price target from $53 to $54.
September 13, 2024 | 2:01 pm
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NEUTRAL IMPACT
UBS has downgraded CubeSmart from Buy to Neutral, indicating a less bullish outlook, but raised the price target to $54, suggesting some positive expectations.
The downgrade from Buy to Neutral suggests a less optimistic view on CubeSmart's stock performance, which could lead to a neutral short-term impact on the stock price. However, the slight increase in the price target to $54 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100