Market Overview

UPDATE: Jefferies Lowers PT on Public Storage on Limited Upside

Share:
Related PSA
Reasons To Consider REIT ETFs
Benzinga's Top Downgrades
Some Financials, Food Stocks Rotate Into Weekly Review (Investor's Business Daily)

In a report published Thursday, Jefferies analyst Omotayo Okusanya reiterated a Hold rating on Public Storage (NYSE: PSA), but lowered the price target from $165.00 to $160.00.

In the report, Jefferies noted, “We see limited upside in PSA's shares in the near-term despite solid results in 2Q13, given: 1) the portfolio is essentially fully occupied at 94.9% as of June 30, 2013; and 2) due to PSA's size, it is harder to grow earnings via acquisitions. We are lowering our PT to $160 due to rising interest rates and maintain our Hold Rating.”

Public Storage closed on Wednesday at $152.55.

Latest Ratings for PSA

DateFirmActionFromTo
Jan 2016BarclaysDowngradesOverweightEqual-weight
Jan 2016BairdUpgradesNeutralOutperform
Jan 2016Goldman SachsDowngradesBuyNeutral

View More Analyst Ratings for PSA
View the Latest Analyst Ratings

Posted-In: Jefferies Omotayo OkusanyaAnalyst Color Price Target Analyst Ratings

 

Related Articles (PSA)

View Comments and Join the Discussion!

Get Benzinga's Newsletters