UBS Upgrades UDR to Buy, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Michael Goldsmith upgrades UDR, a real estate investment trust, from Neutral to Buy and increases the price target from $38 to $44.
April 25, 2024 | 2:45 pm
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UDR's stock rating was upgraded by UBS analyst Michael Goldsmith from Neutral to Buy, with a price target increase from $38 to $44.
The upgrade from Neutral to Buy by a major financial institution like UBS, accompanied by a significant increase in the price target, is a strong positive signal to the market. This suggests a bullish outlook on UDR's future performance and financial health, likely leading to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100