UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Extra Space Storage
In a report published Friday, Jefferies & Company reiterated its Hold rating on Extra Space Storage (NYSE: EXR), and raised its price target from $37.00 to $40.00.
Jefferies noted, “EXR held a dinner for sell-side analysts on 01/16. We left the event incrementally positive on the name. While there are some headwinds in regards to tougher year-over-year comps, it appears revenue growth could be better than we expected. We are raising our 2013E FFO/sh to $1.86 from $1.82 and raising our PT to $40 from $37.”
Extra Space Storage closed on Thursday at $38.17.
Latest Ratings for EXR
|May 2015||RBC Capital||Maintains||Outperform|
|Jan 2015||Evercore Partners||Downgrades||Buy||Hold|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.