Morgan Stanley Reiterates Underweight on Urban Edge Props, Maintains $14 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Richard Hill has reiterated an Underweight rating on Urban Edge Properties (NYSE:UE) and maintained a price target of $14.
July 11, 2023 | 1:45 pm
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Urban Edge Properties' stock rating has been reiterated as Underweight by Morgan Stanley, with a maintained price target of $14.
The Underweight rating from Morgan Stanley suggests that the firm believes Urban Edge Properties' stock will underperform the market or its sector in the short term. This could potentially lead to a decrease in the stock's price. The maintained price target of $14 also indicates that the firm does not expect significant upward price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100