Goldman Sachs Reinstates Neutral on UDR, Announces $39 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Chandni Luthra has reinstated coverage on UDR, Inc. (NYSE:UDR) with a Neutral rating and set a price target of $39.
February 22, 2024 | 11:30 am
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NEUTRAL IMPACT
Goldman Sachs reinstated coverage on UDR, Inc. with a Neutral rating and a price target of $39.
The reinstatement of coverage by Goldman Sachs with a Neutral rating suggests a stable outlook for UDR, Inc. without immediate strong bullish or bearish indicators. The set price target of $39 provides a specific expectation for the stock's performance, which could influence investor sentiment and potentially stabilize the stock price around this target in the short term. However, the neutral stance also indicates that Goldman Sachs does not see significant upside or downside in the near future, hence the neutral impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100