JP Morgan Maintains Overweight on UDR, Lowers Price Target to $44
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Anthony Paolone has maintained an Overweight rating on UDR (NYSE:UDR) but lowered the price target from $49 to $44.
August 21, 2023 | 2:50 pm
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NEUTRAL IMPACT
UDR's price target has been lowered from $49 to $44 by JP Morgan, though the Overweight rating is maintained.
The lowering of the price target by JP Morgan could potentially create a negative sentiment among investors. However, the maintained Overweight rating indicates that the analyst still sees potential in the stock, which could balance out the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100