Extra Space Storage price target raised to $153 from $141 at Mizuho

Mizuho analyst Ravi Vaidya raised the firm’s price target on Extra Space Storage (EXR) to $153 from $141 and keeps an Outperform rating on the shares. Self Storage earnings were characterized by sequential improvements in fundamentals, the analyst tells investors in a research note. While encouraged by the progress made in the quarter, the firm still has a Neutral view on the subsector given a lack of visibility surrounding a housing market recovery and headwinds from supply.

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