Scotiabank raised the firm’s price target on Public Storage (PSA) to $340 from $305 and keeps an Outperform rating on the shares. The firm is adjusting its estimates on U.S. Real Estate & REITs in its coverage following Q1 results, the analyst tells investors. Quarterly results contained some negative surprises, but generally played out as expected, with most companies maintaining FY25 guidance, the firm notes. Real estate fundamentals tend to lag, so many are looking to see the potential impact of the slowing economy on H2 2025 results, the firm adds. Scotiabank notes it prefers Public Storage

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Strong Buy Recommendation for Public Storage: Promising Growth and Attractive Valuation Public Storage price target raised to $320 from $310 at Truist Public Storage Holds Annual Shareholders Meeting Public Storage price target lowered to $342 from $346 at Goldman Sachs Public Storage Reports Stable Q1 2025 Performance

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