Wells Fargo and Evercore ISI Lower Price Targets for Extra Space Storage Ahead of Q1
Wells Fargo and Evercore ISI have both lowered their price targets for Extra Space Storage (EXR) ahead of the Q1 earnings report. Wells Fargo reduced its target to $148 from $150, citing caution over storage REITs amid inflation and interest rates, while Evercore ISI cut its target to $149 from $150. The company expects modest revenue growth and flat core FFO in 2026.
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