Deutsche Bank analyst Omotayo Okusanya initiated coverage of UDR with a Hold rating and $40 price target. The firm fundamentally likes the company’s strategy of being diversified by location and asset quality, though the near-term challenge is decelerating earnings growth and oncoming supply in key markets.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on UDR: