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Public Storage (PSA) Receives Equal Weight Rating Amid Market Ch
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Morgan Stanley has initiated coverage of Public Storage (PSA) with an 'Equal Weight' rating and a $290 price target, citing challenges such as slowing job growth affecting the self-storage sector. Despite Public Storage's strong market presence, profitability, and financial stability, concerns exist regarding slowing revenue growth and asset efficiency. Investors are advised to consider these factors and market sentiment, which suggests caution despite the company's leadership position.
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