Citigroup Maintains Neutral on Blackstone Mortgage Trust, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Arren Cyganovich has maintained a Neutral rating on Blackstone Mortgage Trust (BXMT) and raised the price target from $17 to $22.
July 27, 2023 | 3:38 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Blackstone Mortgage Trust and raised the price target from $17 to $22.
The news directly pertains to Blackstone Mortgage Trust (BXMT). The raised price target indicates a positive outlook, but the neutral rating suggests that the stock is fairly valued at its current price. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Citigroup analyst Arren Cyganovich has maintained a Neutral rating on Blackstone Mortgage Trust and raised the price target.
Citigroup is indirectly involved in the news as the firm whose analyst has given the rating and price target. This is unlikely to have a significant impact on Citigroup's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50