Scotiabank lowered the firm’s price target on UDR (UDR) to $48 from $51 and keeps a Sector Perform rating on the shares. The firm sees some softness in new lease pricing for the Spring selling season, likely due to a combination of lingering new supply and pockets of softer demand, the analyst tells investors. The firm believes UDR is better positioned to achieve FY25 blended rate growth guidance.
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