Morgan Stanley analyst Adam Kramer lowered the firm’s price target on UDR (UDR) to $43.50 from $44.50 and keeps an Equal Weight rating on the shares. The firm’s new model points to slower multi-family rent growth nationwide than broadly expected for 2026 and 2027. Morgan Stanley economists expect immigration to play a key role in this, the analyst tells investors. The firm recommends staying selective in real estate investment trusts, paying attention to regional trends.
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