Stifel analyst Stephen Manaker lowered the firm’s price target on Public Storage to $330 from $360 and keeps a Buy rating on the shares. The firm believes the stock’s attractive valuation “more than compensates” for the slowing operating environment, but is adjusting estimates to account for recent company information, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 PSA:
- Public Storage price target lowered to $305 from $320 at Truist
- Public Storage files automatic mixed securities shelf
- Public Storage sees FY23 core FFO $16.40-$16.80, consensus $16.78
- Public Storage reports Q2 core FFO $4.28, consensus $4.20
- Truist positive on Public Storage acquisition of Simply Self Storage