UPDATE: Jefferies Lowers PT to $141 on Public Storage; Deceleration in Earnings Growth

Jefferies reduces its price target from $142 to $141 on Hold-rated Public Storage

on concerns of deceleration of growth in earnings. Jefferies comments, "PSA's U.S. portfolio is showing some signs of earnings growth deceleration. Economic headwinds in Europe also continue to dampen near-term outlook for PSA's Shurgard Europe portfolio. We believe this confluence on issues will limit near-term stock performance. We maintain our Hold rating." PSA closed at $140.71 on Monday.