B of A Securities Downgrades UDR to Neutral, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joshua Dennerlein has downgraded UDR (NYSE:UDR) from Buy to Neutral and lowered the price target from $42 to $33.

October 31, 2023 | 2:56 pm
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NEGATIVE IMPACT
UDR's rating has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $33.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for UDR. The lowered price target from $42 to $33 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100