RBC Capital lowered the firm’s price target on Extra Space Storage (EXR) to $148 from $160 and keeps a Sector Perform rating on the shares. The company’s results were in line, and the quarter saw an important milestone with new-lease rates up y/y for the first time since Q1 of FY22, though the management noted that the storage market has recovered more slowly than expected in 2025, the analyst tells investors in a research note.
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