Goldman Sachs analyst Caitlin Burrows resumed coverage of Extra Space Storage with a Buy rating and $153 price target. The analyst expects earnings growth will reaccelerate for Extra Space Storage and stabilize for Public Storage, which should be a positive catalyst for each stock, “especially given their current historically low multiples.” The firm says the currently discounted multiples for both stocks can improve.
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- Extra Space Storage price target lowered to $115 from $145 at Morgan Stanley
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