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."
