Morgan Stanley analyst Ronald Kamdem lowered the firm’s price target on National Storage to $32 from $42 and keeps an Equal Weight rating on the shares. Self storage demand moderated for the first time post-COVID in the last three months and the firm sees four incremental near-term demand headwinds, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NSA:
- National Storage price target lowered to $35 from $40 at Truist
- National Storage downgraded to Hold from Buy at Stifel
- National Storage lowers 2023 core FFO outlook to $2.63-$2.69 from $2.78-$2.86
- National Storage reports Q2 core FFO 68c, consensus 70c
- National Storage Affiliates Trust (NSA) Q2 Earnings Cheat Sheet
