CubeSmart $CUBE Stock Candle Over Candle Turn On Buy at UBS

  • Post category:Analysts Activity
  • Reading time:3 mins read
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CubeSmart $CUBE stock did a candle over candle turn on October 17, 2022, after UBS started coverage of the stock with a Buy rating.

We often see demand pick up for self-storage in a recession as people downsize into lower priced properties and require storage to temporarily store items.

CubeSmart initiated with a Buy at UBS

On October 17, 2022, UBS analyst Michael Goldsmith initiated coverage of CubeSmart with a Buy rating and $45 price target as part of a broader research note on U.S. Self Storage REITs. Goldsmith said that company’s with exposure to higher income consumers and denser populations should outperform as customers in these markets can better absorb recent and future price increases. Population migration to secondary and tertiary markets has also normalized, benefitting primary markets.

Two-Minute Drill: Public Storage

CubeSmart $CUBE Stock Technical Analysis

CubeSmart $CUBE stock is in a technical downtrend. Long-term indicators support a continuation of the downtrend.

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