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Deutsche Bank downgrades Safestore to hold, citing tougher trading and weaker outlook in self-storage sector.

Market News
19 Aug 2026
Proactive Investors
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Bearish
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Deutsche Bank has downgraded Safestore Holdings from 'buy' to 'hold' and cut its price target from 880p to 700p due to a tougher trading environment and weaker near-term outlook for the self-storage sector. Despite Safestore's first-half revenue growth of 6.9% and expansion in the UK and Europe, the sector faces pressure on demand, pricing, occupancy, and rental-rate growth. The downgrade signals caution on the timing and strength of Safestore's earnings recovery, emphasizing the importance of execution as the company fills new capacity in supply-constrained markets like London and Paris.

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Experimental cancer vaccine from Merck and Moderna shows promising results in late-stage melanoma trial

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Micron's January 2028 options offer 92% upside capture with limited downside risk, backed by strong NAND growth and $22B demand.

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Telegram applies to ICANN for .gram domain, enabling 1B users to create personal web addresses and sites.

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