Wells Fargo Downgrades UDR to Equal-Weight, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst James Feldman has downgraded UDR (NYSE:UDR) from Overweight to Equal-Weight and lowered the price target from $42.5 to $34.
November 07, 2023 | 12:52 pm
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NEGATIVE IMPACT
UDR's rating has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target from $42.5 to $34.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for UDR. The lowered price target from $42.5 to $34 also suggests that the analyst believes the stock may underperform in the future. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100