CubeSmart rises after BMO upgrades to 'outperform' rating

Self-storage REIT CubeSmart CUBE.N shares up ~1.1% to $43.17

BMO upgrades CUBE to "outperform" from "market perform" rating

Brokerage says CUBE's under-levered balance sheet provides a defensive bulwark in case of macroeconomic headwinds, while also allowing for accretive acquisitions

"We see CUBE's high-quality, urban portfolio allowing for both attractive relative growth with lower risk," - BMO

Brokerage raises PT to $49 from $48, a ~14.7% upside on stock's last close

Six of 18 brokerages rate the stock "buy" or higher, 12 "hold"; their median PT is $47 - LSEG data

Including session's moves, stock up ~0.8% YTD