Morgan Stanley raised the firm’s price target on National Storage to $40 from $32 and keeps an Equal Weight rating on the shares. While 23% rally since October was driven by higher levered REITs, Morgan Stanley sees another leg higher with rate-sensitive sectors leading, the analyst tells investors in a research note. The firm views the office REIT rally as on its last leg, and sees potential benefits to storage REITs if home sales rise.
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 NSA:
- National Storage price target raised by $4 at Wells Fargo, here’s why
- National Storage just downgraded at Evercore ISI, here’s why
- National Storage reports Q3 core FFO 67c, consensus 67c
- National Storage price target lowered to $29 from $33 at BofA
- National Storage price target lowered to $32 from $34 at Wells Fargo