BMO Capital Says Its Time To Sell Life Storage Inc (NYSE:LSI). Will Stock Hit Their Target of $73.0?

September 17, 2017 - By test

 BMO Capital Says Its Time To Sell Life Storage Inc (NYSE:LSI). Will Stock Hit Their Target of $73.0?

Why Has BMO Capital Given Life Storage Inc (NYSE:LSI) a $73.0 Price Target

Stock analysts at BMO Capital has started coverage on shares of Life Storage Inc (NYSE:LSI) in an analyst report sent to investors on 11 September. The firm set Sell rating on the stock. BMO Capital’s target price of $73.0 suggests potential of -9.43 % from the stock’s previous close.

Life Storage Inc (NYSE:LSI) Ratings Coverage

Among 11 analysts covering LSI Corporation (NYSE:LSI), 1 have Buy rating, 3 Sell and 7 Hold. Therefore 9% are positive. LSI Corporation has $105 highest and $70.0 lowest target. $79’s average target is -1.99% below currents $80.6 stock price. LSI Corporation had 19 analyst reports since September 9, 2016 according to SRatingsIntel. The company was maintained on Monday, June 12 by Jefferies. The stock of Life Storage Inc (NYSE:LSI) has “Hold” rating given on Monday, July 24 by Jefferies. The rating was maintained by BMO Capital Markets on Thursday, March 23 with “Buy”. The stock of Life Storage Inc (NYSE:LSI) has “Neutral” rating given on Friday, May 5 by Cantor Fitzgerald. The stock has “Hold” rating by KeyBanc Capital Markets on Monday, September 11. BMO Capital Markets initiated Life Storage Inc (NYSE:LSI) rating on Monday, September 11. BMO Capital Markets has “Sell” rating and $73.0 target. On Thursday, January 5 the stock rating was downgraded by Robert W. Baird to “Neutral”. As per Thursday, August 17, the company rating was maintained by Jefferies. Citigroup upgraded it to “Buy” rating and $105 target in Friday, September 9 report. FBR Capital downgraded it to “Sell” rating and $70.0 target in Tuesday, September 12 report.

The stock increased 0.55% or $0.44 on September 15, reaching $80.6. About 671,044 shares traded or 3.66% up from the average. Life Storage Inc (NYSE:LSI) has declined 27.61% since September 17, 2016 and is downtrending. It has underperformed by 44.31% the S&P500.

Investors wait (:) to report on November, 1. its quarterly earnings Wall Street analysts expect $1.35 EPS, up $0.01 or 0.75 % from last year’s $1.34 same quarter earnings. ‘s Wall Street analysts see 1.50 % EPS growth, taking into account the $1.33 EPS reproted in the previous quarter,

Life Storage, Inc., formerly Sovran Self Storage, Inc., is a self-administered and self-managed real estate company. The company has market cap of $3.75 billion. The Firm acquires, owns and manages self-storage properties. It has a 70.46 P/E ratio. The Firm owns its assets and conducts its activities through Life Storage LP and subsidiaries of the Operating Partnership.

More important recent Life Storage Inc (NYSE:LSI) news were published by: Nasdaq.com which released: “Life Storage Reaches Analyst Target Price” on September 06, 2017, also Businesswire.com published article titled: “Life Storage, Inc. to Present at Bank of America Merrill Lynch 2017 Global …”, Barrons.com published: “Life Storage Set to Top Extra Space” on September 12, 2017. More interesting news about Life Storage Inc (NYSE:LSI) was released by: Businesswire.com and their article: “Life Storage, Inc. Provides Hurricane Harvey Update” with publication date: September 01, 2017.

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