Piper Sandler Downgrades Urstadt Biddle Properties to Neutral, Announces $20 Price Target
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Alexander Goldfarb downgrades Urstadt Biddle Properties (NYSE:UBA) from Overweight to Neutral and announces a $20 price target.

May 19, 2023 | 8:23 am
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NEGATIVE IMPACT
Urstadt Biddle Properties (NYSE:UBA) has been downgraded from Overweight to Neutral by Piper Sandler, with a $20 price target.
The downgrade from Overweight to Neutral by Piper Sandler indicates a less optimistic outlook for Urstadt Biddle Properties. This change in rating, along with the announcement of a $20 price target, could lead to a short-term negative impact on the stock price as investors may adjust their positions based on the new rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100