JP Morgan Upgrades Claros Mortgage Trust to Neutral, Raises Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Richard Shane has upgraded Claros Mortgage Trust (NYSE:CMTG) from Underweight to Neutral and raised the price target from $11.5 to $12.
July 24, 2023 | 10:36 am
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Claros Mortgage Trust has been upgraded to Neutral from Underweight by JP Morgan, with a raised price target of $12.
The upgrade from Underweight to Neutral by JP Morgan indicates a more positive outlook for Claros Mortgage Trust. The raised price target suggests that the analyst sees potential for the stock's price to increase, which could positively impact the stock in the short term.
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RELEVANCE 100