B. Riley Securities Reinstates Buy on UMH Properties, Maintains $18.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst John Massocca reinstated a Buy rating on UMH Properties (NYSE:UMH) with a maintained price target of $18.5.
March 21, 2024 | 2:02 pm
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B. Riley Securities reinstated a Buy rating on UMH Properties with a maintained price target of $18.5.
The reinstatement of a Buy rating by a reputable analyst firm like B. Riley Securities, along with the maintenance of a specific price target, typically signals a positive outlook on the stock. This endorsement can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100