UPDATE: Morgan Stanley Upgrades Public Storage, Says Company Should Benefit From Pricing Power

In a report published Tuesday, Morgan Stanley analyst Landan Park upgraded Public Storage (NYSE: PSA ) to Equal-weight from Underweight, raising its price target from $132.00 to $160.00. According to the report, record occupancy suggests PSA should benefit from pricing power in 4Q13 and 2014 and PSA's strong balance