NEW YORK, July 1 (newratings.com) - Analysts at Stifel Nicolaus & Company initiate coverage of Public Storage (NYSE:
PSA -
news) (ticker: PSA)
with a "buy" rating. The target price is set to $75.
In a research note published this morning, the analysts mention that the company's unique capital structure, which obviates the need for debt, is quite attractive in the current scenario. Public Storage's growth prospects are expected to be driven by its vast portfolio of storage facilities and a sound management team, the analysts add.
© 2009 New Ratings
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