Morgan Stanley Maintains Overweight on UDR, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Kramer maintains an Overweight rating on UDR (NYSE:UDR) and lowers the price target from $49 to $45.
May 26, 2023 | 11:55 am
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Morgan Stanley maintains an Overweight rating on UDR and lowers the price target from $49 to $45.
The news directly mentions UDR and the lowered price target by Morgan Stanley. While the Overweight rating is maintained, the reduced price target may have a neutral impact on the stock in the short term as it indicates a lower expected return, but still a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100