UDR price target raised to $43 from $42 at Evercore ISI

Evercore ISI analyst Steve Sakwa raised the firm’s price target on UDR to $43 from $42 and keeps an In Line rating on the shares. After having hosted the firm’s annual real estate conference last week, Evercore says the focus of most panels centered on a few big topics, including the macro-outlook given the slowdown in job growth, the drop in long term interest rates since mid-July, and the Fed being about to embark on an easing cycle and what that means for capital deployment. One clear trend was the improvement in debt availability outside of banks, which should allow transaction activity to accelerate in Q4 and beyond, the analyst tells investors in a recap noting key takeaways form the conference.