JMP Securities Maintains Outperform on Redwood Trust, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Steven Delaney maintains an Outperform rating on Redwood Trust (NYSE:RWT) but lowers the price target from $9 to $8.
July 12, 2023 | 11:08 am
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NEUTRAL IMPACT
Redwood Trust's price target has been lowered from $9 to $8 by JMP Securities, though the Outperform rating is maintained.
The lowering of the price target by JMP Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Outperform rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100