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.
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- 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
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- Public Storage files automatic mixed securities shelf
