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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Public Storage

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In a report published Monday, Jefferies & Company reiterated its Hold rating on Public Storage (NYSE: PSA), and raised its price target from $144.00 to $150.00.

Jefferies noted, “While self-storage fundamentals generally remain positive, we believe that YoY comparisons are going to get tougher and as a result, the rate of growth for the sector may begin to slow. We are on the lookout for signs that Self-Storage owners are pushing prices too hard, which may cause occupancy to decline.”

Public Storage closed on Friday at $145.70.

Latest Ratings for PSA

DateFirmActionFromTo
Jul 2016BarclaysMaintainsEqualweight
Jul 2016KeyBancDowngradesSector WeightUnderweight
Jun 2016FBR CapitalInitiates Coverage onMarket Perform

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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