UDR price target raised to $43 from $39 at Jefferies

Jefferies analyst Linda Tsai raised the firm’s price target on UDR to $43 from $39 and keeps a Buy rating on the shares. UDR has a well-diversified portfolio with meaningful exposure to both coastal and Sunbelt markets, as well as Class A/B/C assets, enabling the company to generate above-average SS NOI growth given the limited new supply of B/C assets in the current cycle, the analyst tells investors in a research note.