KeyBanc analyst Todd Thomas upgraded National Storage to Overweight from Sector Weight with a $45 price target. The analyst t sees an improving outlook for the company’s fundamentals during 2024 that the firm expects to continue in 2025. Occupancy in National Storage’s portfolio has started to stabilize over the last few months with the year-over-year delta narrowing and against easier compares, occupancy should continue to stabilize in the months ahead, the analyst tells investors in a research note.
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