Cantor Fitzgerald Starts Extra Space Storage (EXR) at Sell; Peak Pricing for Operating Prowess

Cantor Fitzgerald initiates coverage on Extra Space Storage (NYSE: EXR) with a Sell. PT $26.00.

Cantor analyst says, "We view Extra Space Storage as the industry leader, with best-in-class operations, technology, branding, asset quality and portfolio performance. The company is well positioned for long-term growth, despite systemic industry weakness. Value creation should continue as the company executes on strategic acquisitions while furthering operational leverage. The balance sheet is stronger today (although an acceleration of external growth could require higher leverage or equity issuance). Star qualities aside, we consider the stock well valued at current levels and would encourage investors to reconsider at levels nearer $24-$25, barring broader sector shifts."

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 $26.73 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Wedbush Starts Immunic Inc. (IMUX) at Outperform
• Chardan Starts Odysight.AI Inc. (ODYS) at Buy
• Goldman Sachs Starts Luxshare Precision (2475:HK) at Buy