Public Storage fell 4.06% following a downgrade by Wolfe Research. The firm downgraded PSA from Outperform to Peer Perform. Analyst Andrew Rosivach cited that while the company has potential for better earnings growth in 2027, its shares might pause until this growth becomes more evident. Rosivach noted that storage demand is economically sensitive, making the sector vulnerable due to recent slower employment growth. This downgrade follows other recent analyst actions, including a downgrade from Deutsche Bank and target price adjustments from other analysts.
Read full analysisPublic Storage fell 4.06% following a downgrade by Wolfe Research. The firm downgraded PSA from Outperform to Peer Perform. Analyst Andrew Rosivach cited that while the company has potential for better earnings growth in 2027, its shares might pause until this growth becomes more evident. Rosivach noted that storage demand is economically sensitive, making the sector vulnerable due to recent slower employment growth. This downgrade follows other recent analyst actions, including a downgrade from Deutsche Bank and target price adjustments from other analysts.
Public Storage Common Stock (PSA) is a publicly traded company in the Real Estate sector.