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Stock impact report

Wells Fargo, Evercore ISI Trim Extra Space Storage (EXR) Targets Ahead of Q1 [Yahoo! Finance]

Extra Space Storage Inc (EXR) 
Last extra space storage inc earnings: 2/18 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.extraspace.com/investor-relations
Company Research Source: Yahoo! Finance
Wells Fargo, Evercore ISI Trim Extra Space Storage (EXR) Targets Ahead of Q1 On April 16, Wells Fargo lowered its price recommendation on Extra Space Storage Inc. (NYSE:EXR) to $148 from $150. It reiterated an Overweight rating on the shares. The firm said it is becoming more cautious on storage REITs heading into Q1. It pointed to year-to-date outperformance and guidance that came in above its expectations. Into the print, Wells Fargo is watching the impact of higher inflation and interest rates. It does not expect any potential guidance cuts until the second half of 2026. On April 13, Steve Sakwa of Evercore ISI lowered the firm's price target on Extra Space Storage to $149 from $150 and maintained an In Line rating. The firm adjusted its estimates as part of its Q1 storage REIT preview. During the Q4 2024 earnings call, CFO Jeff Norman said the company expected its 2026 same-store revenue to range from a decline of 0.5% to growth of 1.5%. He noted that expenses were projecte Show less Read more
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