UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Extra Space Storage
In a report published Monday, Jefferies & Company reiterated its Hold rating on Extra Space Storage (NYSE: EXR), and slightly raised its price target from $36.00 to $37.00.
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.”
Extra Space Storage closed on Friday at $35.29.
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