Wells Fargo raised the firm’s price target on Extra Space Storage to $120 from $115 and keeps an Underweight rating on the shares. Extra Space Storage’s Q3 earnings were largely better than expected, but the stock reaction on November 8 was overdone, the analyst tells investors in a research note. Wells sees risks to the 2024 outlook, even though the company’s same-store comps look more favorable after the earnings report.
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Read More on EXR:
- Early notable gainers among liquid option names on November 8th
- Extra Space Storage narrows FY23 Core FFO view to $8.05-$8.20 from $8.00-$8.25
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- Extra Space Storage Inc. Reports 2023 Third Quarter Results
- EXR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
