Raymond James Maintains Outperform Rating for Ready Capital: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James maintains its Outperform rating for Ready Capital (NYSE:RC) but lowers its price target from $13.50 to $13.00. Shares of Ready Capital are currently trading down 2.24% at $10.47 per share.
May 25, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Raymond James maintains Outperform rating for Ready Capital (NYSE:RC) and lowers price target from $13.50 to $13.00. Shares are trading down 2.24% at $10.47.
Raymond James' decision to maintain its Outperform rating for Ready Capital indicates a positive outlook for the stock. However, the lowered price target from $13.50 to $13.00 suggests a slightly reduced growth potential. The current share price of $10.47 is down 2.24%, but the new price target still represents a 24.16% increase from the current share price. This news is highly relevant and important for investors in Ready Capital, and the confidence in the analysis is high due to the expertise of Raymond James.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100