Extra Space Storage inches up after Wells Fargo upgrades to 'overweight'

Extra Space Storage

26/08/2025 13:16

** Shares of U.S. self-storage facilities operator Extra Space Storage EXR.N up nearly 1% at $141 premarket

** Wells Fargo upgrades to "overweight" from "equal weight"; PT unchanged at $160

** Wells Fargo turns positive on co citing improving rental trends and strong occupancy as key drivers of expected growth in 2026

** Says signs of easing mortgage rates and possible Federal Reserve rate cut could improve housing affordability and demand, giving boost to EXR's performance in future

** Seven of 21 brokerages rate stock "buy" or higher, 13 "hold" and one "sell"; their median PT is $157.50 - LSEG compiled data

** As of last close, stock had fallen 6.3% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))