JMP Securities Reiterates Market Outperform on Redwood Trust, Maintains $8 Price Target
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Steven Delaney has reiterated a 'Market Outperform' rating on Redwood Trust (NYSE:RWT) and maintained a price target of $8.
July 21, 2023 | 11:53 am
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Redwood Trust's stock may see positive movement as JMP Securities maintains a 'Market Outperform' rating and a price target of $8.
Analyst ratings and price targets can significantly influence investor sentiment and stock price. The reiteration of a 'Market Outperform' rating indicates that the analyst believes the stock will do better than the overall market in the near term. The maintained price target of $8 also suggests that the analyst sees potential for the stock's price to increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100