Wells Fargo Maintains Overweight Rating for UDR: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Overweight rating for UDR (NYSE:UDR) but lowered its price target from $44.50 to $42.50. UDR's shares are currently trading at $38.52, down 0.03% over the last 24 hours. A move to $42.50 would represent a 10.33% increase from the current share price. UDR is a real estate investment trust that operates in the United States.
September 12, 2023 | 5:00 pm
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Wells Fargo maintains its Overweight rating for UDR but lowers its price target. This could potentially lead to a short-term increase in UDR's stock price.
The maintained Overweight rating indicates that Wells Fargo believes UDR's stock will outperform the market in the future. However, the lowered price target may reflect a more conservative outlook. This could lead to increased investor interest and a potential short-term increase in UDR's stock price.
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IMPORTANCE 80
RELEVANCE 100