KeyBanc hikes PT for Extra Space Storage on 'premium growth' potential

Extra Space Storage

09/09/2024 13:19

** KeyBanc raises PT for Extra Space Storage  EXR.N  to $178
from $172; maintains "overweight" rating 
    ** Brokerage sees potential for EXR to generate "premium
growth" in comparison to its peers, helped by Life Storage
merger 
    ** KeyBanc says EXR's revenue management platform,
third-party management business and external growth strategies
to provide additional support
    ** New price target represents 2.54% upside to stock's
previous close
    ** Six of 18 brokerages rate EXR stock "buy" or higher, nine
"hold" and three "sell" or lower; their median PT is $175
    ** As of Friday's close, EXR up 8.26% YTD

 (Reporting by Anshuman Tripathy in Bengaluru)
 ((Anshuman.Tripathy@thomsonreuters.com;))