KBW is out with its report today on Public Storage PSA, raising its PT to $110.
In a note to clients, KBW writes, "Increasing 2011E FFO to $5.65 from $5.45 to reflect incremental earnings from Shurgard Europe, improving domestic trends, and accelerating acquisition activity. Revising 2012E FFO to $6.15 from $5.78 to reflect improved operating expectations. Increasing price target to $110, or 19x forward FFO."
Shares of KBW closed Tuesday at $108.99, down 0.61% from Monday's close.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in