Scotiabank Maintains Sector Perform on UDR, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Nicholas Yulico has maintained a 'Sector Perform' rating on UDR, Inc. (NYSE:UDR) and increased the price target from $39 to $42.

May 14, 2024 | 5:04 pm
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POSITIVE IMPACT
Scotiabank's updated rating and price target for UDR suggests a positive outlook on the stock, potentially leading to increased investor interest.
The increase in price target by a reputable analyst like Nicholas Yulico can lead to heightened investor interest and potentially a short-term increase in UDR's stock price. The maintenance of a 'Sector Perform' rating alongside the price target raise indicates a positive yet cautious outlook, suggesting that while the stock might not outperform the sector, it is expected to hold steady or improve slightly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100