UPDATE: Raymond James Upgrades Sovran Self Storage on Expected Strong 4Q Results

In a report published Tuesday, Raymond James analyst RJ Milligan upgraded the rating on Sovran Self Storage (NYSE: SSS) from Market Perform to Strong Buy, and named an $80.00 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.”

Sovran Self Storage closed on Friday at $71.30.