Scotiabank raised the firm’s price target on Extra Space Storage to $140 from $131 and keeps an Underperform rating on the shares. Following Q1, the firm remains cautious on the U.S. Self-Storage REITs subsector given its view that housing mobility and home sales need to improve to spur more storage rental demand, which is not expected to occur during this Spring/Summer leasing season, the analyst tells investors.
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