Evercore ISI lowered the firm's price target on Public Storage to $316 from $318 and keeps an In Line rating on the shares. Storage REITs have shown impressive performance this year, outperforming broader REITs by 320 basis points through June, the analyst tells investors in a research note. The firm added that while a growth inflection is expected in 2027 in the space, recent adjustments reflect a cautious outlook for core growth.
