Wolfe Research Lowers Public Storage Rating Citing Near-Term Growth Pause
Wolfe Research cut its rating on Public Storage (NYSE: PSA) from Outperform to Peerperform, citing expectations that the stock could remain rangebound until clearer signs of earnings acceleration emerge. The company is trading at $282.63 with a price-to-earnings ratio of 29.49. Recent quarterly results showed an earnings-per-share beat but a sizabl…