Jefferies Maintains a 'Hold' on Public Storage (PSA); Q2 Review: Shares Likely Range Bound

Jefferies maintains a 'Hold' on Public Storage (NYSE: PSA) price target of $142.00.

Analyst, Omotayo Okusanya, said, "While 2Q12 results indicate an acceleration in growth for the domestic portfolio, we believe that concerns over the Shugard Europe portfolio, and lack of a meaningfully large acquisition pipeline will keep PSA's stock range bound in the near term."

FY12 EPS estimate lowered from $6.39 to $6.18.

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 $143.83 yesterday.

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