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BofA Merrill upgraded Life Storage (NASDAQ:LSI) from Underperform to Neutral in a report released today.

BofA Merrill has upgraded Life Storage (NASDAQ:LSI) from Underperform to Neutral in a report released on 11/21/2017.

Yesterday Life Storage (NASDAQ:LSI) traded 0.70% higher at $80.82. The company’s 50-day moving average is $80.72 and its 200-day moving average is $77.08. The last stock close price is up 6.98% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 489,018 shares of the stock were exchanged, down from an average trading volume of 569,878

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Life Storage (NASDAQ:LSI)

Life Storage has a 52 week low of $69.00 and a 52 week high of $89.24 with a P/E ratio of 72.14 The company’s market cap is currently $0.

About Life Storage (NASDAQ:LSI)

LSI Corporation (LSI) designs, develops and markets high-performance storage and networking semiconductors. The Company offers a portfolio of products including custom and standard integrated circuits that are used in hard disk drives, solid state drives, communications systems, computer servers, storage systems and personal computers. The Company delivers its products to its customers as stand-alone integrated circuits as well as incorporated onto circuit boards. The Company's storage products enable secure movement of digital data to and from host machines such as servers, personal computers and storage systems to the underlying storage devices such as hard disk drives, tape drives and solid state drives. It offers networking products, targeting the wireless infrastructure, enterprise and data center markets. Its solutions allow service providers and enterprises to accelerate data and deliver differentiated communications services over mobile broadband and packet-based networks.

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