Keybanc Maintains Overweight on UDR, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Todd Thomas has maintained an Overweight rating on UDR, Inc. (NYSE:UDR) but reduced the price target from $48 to $45.
December 13, 2023 | 10:47 am
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NEUTRAL IMPACT
Keybanc has maintained an Overweight rating on UDR, Inc. but lowered the price target from $48 to $45, indicating a positive outlook with a reduced growth expectation.
The maintenance of an Overweight rating suggests that Keybanc continues to see UDR as a good investment relative to the sector. However, the reduction in the price target may reflect a tempered expectation for UDR's stock price growth in the short term. This could lead to a neutral short-term impact on the stock as the positive rating is balanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100