As previously reported, Wells Fargo double upgraded Extra Space Storage to Overweight from Underweight with a price target of $155, up from $120. After recent management meetings/earnings, the firm is much more comfortable with LSI synergy realization by Q1, while the set-up for same-store revenues is the most favorable into 2024 given easing comps and outperformance in Q4. Wells now expects about 4%-5% FFO/share growth in 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on EXR:
- Extra Space Storage price target raised to $141 from $139 at Evercore ISI
- Extra Space Storage Inc. Announces 4th Quarter 2023 Dividend
- Extra Space Storage price target raised to $120 from $115 at Wells Fargo
- Early notable gainers among liquid option names on November 8th
- Extra Space Storage narrows FY23 Core FFO view to $8.05-$8.20 from $8.00-$8.25
