Piper Sandler Downgrades Arbor Realty Trust to Underweight, Announces $16 Price Target
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Crispin Love has downgraded Arbor Realty Trust (NYSE:ABR) from Overweight to Underweight and set a price target of $16.
July 31, 2023 | 9:24 am
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Arbor Realty Trust has been downgraded by Piper Sandler from Overweight to Underweight with a price target of $16.
The downgrade from Piper Sandler is likely to negatively impact Arbor Realty Trust's stock in the short term. The new price target of $16 also suggests a potential downside, which could lead to selling pressure.
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