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Fly News Breaks for April 1, 2019
UE
Apr 1, 2019 | 08:00 EDT
As previously reported, Evercore upgraded Urban Edge to In Line from Underperform with a $20 price target. Analyst Steve Sakwa said Urban shares have underperformed and sees some positive catalysts over the next several months including the scope and densification of the new redevelopment projects along with the back-filling of vacant boxes that will negatively impact NOI growth in 2019 and part of 2020.
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