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