UPDATE: KeyBanc Upgrades Extra Space Storage (EXR) to Sector Weight

(updating comment)

KeyBanc analyst Todd Thomas upgraded Extra Space Storage (NYSE: EXR) from Underweight to Sector Weight.

The analyst comments "Alongside a more favorable subsector outlook, we are upgrading EXR to SW from UW. The downside we anticipated in our April 16 downgrade does not appear to be materializing, and current conditions may lead to improving internal and external growth opportunities."

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

Shares of Extra Space Storage closed at $106.55 yesterday.

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