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UDR price target raised to $50 from $44 at Barclays
The Fly

UDR price target raised to $50 from $44 at Barclays

Barclays analyst Anthony Powell raised the firm’s price target on UDR to $50 from $44 and keeps an Overweight rating on the shares. Following the Q4 earnings, the analyst believes it is important for apartment real estate investment trust investors to have exposure to New York City, citing "strong" rent growth outlook and moderate supply growth in 2023.

Published first on TheFly

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