Morgan Stanley Upgrades Urban Edge Props to Equal-Weight, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ronald Kamdem upgraded Urban Edge Properties (UE) from Underweight to Equal-Weight and increased the price target from $14 to $18.
December 21, 2023 | 11:22 am
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POSITIVE IMPACT
Urban Edge Properties was upgraded by Morgan Stanley from Underweight to Equal-Weight with a raised price target from $14 to $18.
Upgrades by major analysts like Morgan Stanley can lead to increased investor confidence and potential stock price appreciation in the short term. The raised price target suggests a positive outlook on the company's valuation, which may attract more investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100