The Globe and Mail reports in its Wednesday edition that Desjardins Securities analyst Lorne Kalmar rates Storagevault Canada "buy" with a $6 share target in new coverage. The Globe's David Leeder writes that analysts on average target the shares at $6.39. Mr. Kalmar calls the current share price "a rare opportunity to acquire a high-quality name with peer-leading forecast FFOPS [funds from operations per share] growth and a track record of outperformance at an excessively discounted valuation." He says in a note: "As the lone publicly listed Canadian self-storage vehicle, SVI represents the only way for investors to gain exposure to the country's self-storage industry, which is benefiting from strong underlying demand fundamentals and limited new supply. SVI is the largest Canadian self-storage owner and operator and has established itself as a consolidator of the space with a track record of peer-leading FFOPS and NAVPS [net asset value per share] growth. SVI has typically traded at a material valuation premium to both the Canadian REIT peers and its U.S. self-storage peers." The Globe reported on July 18 that Raymond James had cut Storagevault to "market perform" from "outperform." It was then worth $5.87.