Mizuho Maintains Neutral on UDR, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Haendel St. Juste has maintained a Neutral rating on UDR, Inc. (NYSE:UDR) but lowered the price target from $38 to $34.
December 11, 2023 | 1:13 pm
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NEGATIVE IMPACT
Mizuho analyst Haendel St. Juste maintains a Neutral stance on UDR, Inc. but cuts the price target from $38 to $34, indicating a potential downside or limited upside.
The reduction in price target by Mizuho suggests that the analyst sees less potential for price appreciation in UDR's stock. This could lead to a negative investor sentiment in the short term, potentially causing the stock price to adjust downward to reflect the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100