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BMO Capital Markets Corp. raises Life Storage to 'market perform'

BMOCapital Markets Corp. analyst Jeremy Metz raised his investment opinionof Life Storage Inc.to "market perform" from "underperform," and increased hisprice target to $79 from $78.

The analyst wrote in a research report: "LSI is down11% YTD, underperforming peers in the process. We now have the shares tradingat a ~10% discount to NAV. Given the meaningful portfolio improvement post theLife Storage merger, digestible size, and with activist Land & Buildingsstill muddling around in the stock, we see a more balanced risk/reward at currentlevels."