Wells Fargo has lowered its price target for CubeSmart (CUBE) to $40 from $44, while maintaining an “Equal Weight” rating on the shares. The firm expresses slight caution regarding storage REITs, noting their 9% year-to-date increase driven by housing enthusiasm, despite expectations that 2026 outlooks might fall slightly below Street estimates.
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CubeSmart price target lowered to $40 from $44 at Wells Fargo
Wells Fargo has lowered its price target for CubeSmart (CUBE) to $40 from $44, while maintaining an “Equal Weight” rating on the shares. The firm expresses slight caution regarding storage REITs, noting their 9% year-to-date increase driven by housing enthusiasm, despite expectations that 2026 outlooks might fall slightly below Street estimates.