BUZZ-KeyBanc hikes PT for Extra Space Storage on 'premium growth' potential

Reuters09-09

** KeyBanc raises PT for Extra Space Storage to $178 from $172; maintains "overweight" rating

** Brokerage sees potential for EXR to generate "premium growth" in comparison to its peers, helped by Life Storage merger

** KeyBanc says EXR's revenue management platform, third-party management business and external growth strategies to provide additional support

** New price target represents 2.54% upside to stock's previous close

** Six of 18 brokerages rate EXR stock "buy" or higher, nine "hold" and three "sell" or lower; their median PT is $175

** As of Friday's close, EXR up 8.26% YTD

(Reporting by Anshuman Tripathy in Bengaluru)

((Anshuman.Tripathy@thomsonreuters.com;))

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