Raymond James Maintains Outperform on ACRES Commercial Realty, Lowers Price Target to $12.5
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Stephen Laws maintains an Outperform rating on ACRES Commercial Realty (NYSE:ACR) but lowers the price target from $13.5 to $12.5.

May 24, 2023 | 11:21 am
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NEUTRAL IMPACT
Raymond James maintains an Outperform rating on ACRES Commercial Realty (NYSE:ACR) but lowers the price target from $13.5 to $12.5.
The news of Raymond James maintaining an Outperform rating on ACRES Commercial Realty is positive for the stock. However, the lowering of the price target from $13.5 to $12.5 may create some uncertainty among investors, potentially offsetting the positive impact of the maintained rating. As a result, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100