UPDATE: Raymond James Upgrades CubeSmart on Expected Strong 4Q Results
In a report published Tuesday, Raymond James analyst RJ Milligan upgraded the rating on CubeSmart (NYSE: CUBE) from Market Perform to Outperform, and named a $20.00 price target.
In the report, Raymond James noted, “We are upgrading the self storage sector to Overweight and upgrading two storage names. We are upgrading SSS to Strong Buy, and upgrading CUBE to Outperform – both based on expected strong 4Q results, a solid 2014 outlook, and robust external growth. SSS is our top pick based on valuation – shares currently trade in line with our NAV estimate versus the other three names which trade at a premium.”
CubeSmart closed on Friday at $17.13.
Latest Ratings for CUBE
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 2021 | Truist Securities | Maintains | Hold | |
| Dec 2021 | Raymond James | Upgrades | Market Perform | Outperform |
| Oct 2021 | Berenberg | Initiates Coverage On | Hold |
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