Evercore ISI Upgrades CubeSmart (CUBE) to Outperform

Evercore ISI analyst Steve Sakwa upgraded CubeSmart (NYSE: CUBE) from In Line to Outperform with a price target of $48.00 (from $47.00).

The analyst comments "With a stock that’s “flat” YTD and an attractive valuation (implied cap of 6.4% and a ’26 AFFO multiple of just 16.3x), any improvement in housing should be a tailwind to CUBE’s top-line growth next year although that scenario isn’t incorporated into our current estimates. We upgrade from In Line to Outperform with a new PT of $48 (+$1) and a projected total return of 22%."

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

Shares of CubeSmart closed at $41.19 yesterday.

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