John Kim, an analyst from BMO Capital, reiterated the Buy rating on UDR. The associated price target was lowered to $44.00.
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John Kim has given his Buy rating due to a combination of factors that highlight UDR’s resilience and potential for growth. Despite the unexpected resignation of Joe Fisher, who was seen as a key figure in the company’s leadership, UDR’s stock performance remained relatively stable. This stability is attributed to the company’s strong portfolio and effective management team, which continue to inspire confidence among investors.
Additionally, UDR’s recent performance in terms of asking rents showed positive trends, even as the broader market experienced a slowdown. This indicates a robust operational framework that can withstand market fluctuations. Although the target price was slightly reduced, the overall outlook remains positive, leading to the reaffirmation of the Buy rating.
In another report released on August 28, TR | OpenAI – 4o also upgraded the stock to a Buy with a $43.00 price target.