Evercore ISI Group Downgrades Urban Edge Props to In-Line, Announces $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Steve Sakwa has downgraded Urban Edge Properties (NYSE:UE) from Outperform to In-Line and set a price target of $18. This change reflects a revised outlook on the company's stock performance.
November 27, 2023 | 3:00 pm
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Urban Edge Properties was downgraded by Evercore ISI Group from Outperform to In-Line with a new price target of $18, indicating a neutral outlook on the stock's short-term performance.
Downgrades by analysts can lead to a negative perception among investors, potentially impacting the stock price. However, the setting of a price target suggests a neutral stance, which may not lead to significant price movement. The confidence in the analysis is high due to the direct mention and clear action by a reputable analyst group.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100