Jefferies raised the firm’s price target on Extra Space Storage to $166 from $125 and keeps a Hold rating on the shares. Jefferies expects moderating mortgage rates will drive improving home sales, and believes that the bottom in asking rents in this cycle is near, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EXR:
- Extra Space Storage price target raised to $152 from $138 at Truist
- Extra Space Storage upgraded to Equal Weight from Underweight at Morgan Stanley
- Wells Fargo double upgrades Extra Space Storage to Overweight
- Extra Space Storage just upgraded at Wells Fargo, here’s why
- Extra Space Storage price target raised to $141 from $139 at Evercore ISI