Wedbush Assumes UMH Properties at Neutral, Announces Price Target of $17
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Richard Anderson has initiated coverage on UMH Properties (NYSE:UMH) with a Neutral rating and set a price target of $17.

March 25, 2024 | 12:41 pm
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NEUTRAL IMPACT
Wedbush analyst Richard Anderson has initiated coverage on UMH Properties with a Neutral rating and a price target of $17.
The initiation of coverage by Wedbush with a Neutral rating and a specific price target provides investors with a new analytical perspective on UMH Properties. However, the Neutral rating suggests that the analyst sees the stock as fairly valued at its current price, implying limited short-term price movement. The price target of $17 offers a reference point for potential future performance but does not strongly suggest significant upside or downside, hence the neutral impact score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90