Piper Sandler Downgrades UDR to Underweight, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Goldfarb has downgraded UDR (NYSE:UDR) from Neutral to Underweight and lowered the price target from $46 to $30.
October 31, 2023 | 10:23 am
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UDR's rating has been downgraded from Neutral to Underweight by Piper Sandler, with a lowered price target from $46 to $30.
The downgrade from Neutral to Underweight and the significant reduction in price target by Piper Sandler indicates a negative outlook for UDR. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100