Urban Edge price target raised to $22 from $21 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Urban Edge (UE) to $22 from $21 and keeps an Equal Weight rating on the shares. The firm models total cash net operating income normalizes approximately 29% higher in 2026 compared to 2019. Discounted cash flow analysis suggests intrinsic value of $20.89 using 7% cost of equity and 2% terminal growth, Morgan Stanley told investors.