Cowen Upgrades UDR, Inc. (UDR) to Outperform

Cowen upgraded UDR, Inc. (NYSE: UDR) from Market Perform to Outperform with a price target of $35.50 (from $34.50).

Analyst James Sullivan commented, "We are upgrading UDR share to Outperform from Market Perform. We have seen strong rent growth metrics for UDR through May, and impressive leasing metrics were confirmed by management at NAREIT. We believe this points to accelerating revenue growth momentum, which could carry for several quarters. We have raised our 2015/2016 estimates and increased our price target $1.00 to $35.50.."

For an analyst ratings summary and ratings history on UDR, Inc. click here. For more ratings news on UDR, Inc. click here.

Shares of UDR, Inc. closed at $32.40 yesterday.

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