Raymond James analyst Jonathan Hughes raised the firm’s price target on Life Storage (LSI) to $145 from $140 and keeps an Outperform rating on the shares. On Monday, Extra Space (EXR) emerged victorious in the war for Life Storage with a $146/share all-stock bid that was unanimously approved by both boards as a superior offer to Public Storage’s (PSA) bid, the analyst tells investors in a research note.
Published first on TheFly
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- Truist does not think will be offer superior to Extra Space’s for Life Storage
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- Extra Space Storage to acquire Life Storage in an all-stock transaction
