JP Morgan Maintains Neutral on Blackstone Mortgage Trust, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains a Neutral rating on Blackstone Mortgage Trust (NYSE:BXMT) and raises the price target from $21 to $23.
July 27, 2023 | 1:42 pm
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NEUTRAL IMPACT
JP Morgan maintains a Neutral rating on Blackstone Mortgage Trust and raises the price target from $21 to $23.
The news is directly about Blackstone Mortgage Trust. JP Morgan's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $21 to $23 suggests a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100