Android app on Google Play

KeyBanc Upgrades Public Storage (PSA) to Hold

November 28, 2012 5:40 PM EST Send to a Friend
Get Alerts PSA Hot Sheet
Price: $163.55 -0.85%

Rating Summary:
    6 Buy, 10 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 25 | New: 14
Trade PSA Now!
Join SI Premium – FREE
KeyBanc upgraded Public Storage (NYSE: PSA) from Underweight to Hold.

The firm comments, "Since our downgrade on January 12, 2012, PSA has underperformed the other three self storage REITs (-2,100bps vs. CUBE, -3,840bps vs. EXR, -3,290bps vs. SSS) and the RMZ (-230bps). As a result of the underperformance, the stock's valuation seems more reasonable, in our view, and we feel the stock no longer warrants an UNDERWEIGHT rating."

For an analyst ratings summary and ratings history on Public Storage click here. For more ratings news on Public Storage click here.

Shares of Public Storage closed at $142.72 yesterday.




You May Also Be Interested In


Related Categories

Upgrades

Related Entities

KeyBanc

Add Your Comment