Mizuho Maintains Neutral on UDR, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vikram Malhorta has maintained a Neutral rating on UDR, Inc. (NYSE:UDR) and increased the price target from $34 to $38. This adjustment reflects a more positive outlook on the company's stock value while maintaining a cautious stance.
January 10, 2024 | 4:35 pm
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Mizuho analyst Vikram Malhorta has updated the price target for UDR, Inc. to $38, up from $34, while maintaining a Neutral rating on the stock.
The increase in price target by Mizuho suggests a more positive valuation of UDR, Inc. by the analyst, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant upside or downside potential at this time, which tempers the impact of the price target increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100