Goldman Sachs resumed coverage of Public Storage with a Buy rating and $310 price target. The analyst expects earnings growth will reaccelerate for Extra Space Storage and stabilize for Public Storage, which should be a positive catalyst for each stock, “especially given their current historically low multiples.” The firm says the currently discounted multiples for both stocks can improve.
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 the top stocks recommended by analysts >>
Read More on PSA:
- Enphase Energy upgraded, Brighthouse downgraded: Wall Street’s top analyst calls
- Public Storage resumed with an Equal Weight at Morgan Stanley
- Public Storage price target lowered to $330 from $360 at Stifel
- Public Storage price target lowered to $305 from $320 at Truist
- Public Storage files automatic mixed securities shelf