Raymond James analyst Jonathan Hughes lowered the firm’s price target on CubeSmart to $48 from $58 and keeps a Strong Buy rating on the shares. CubeSmart remains the analyst’s top self storage REIT pick due to comps in 2023 driving the potential for better relative performance vs. peers and its attractive valuation, Hughes tells investors in a research note. Its smaller size makes any external growth more impactful, the analyst contends.
Published first on TheFly
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