B. Riley Securities Maintains Buy on New York Mortgage Trust, Lowers Price Target to $15
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities analyst Matt Howlett maintains a 'Buy' rating on New York Mortgage Trust (NASDAQ:NYMT) but has lowered the price target from $20 to $15.
August 14, 2023 | 1:09 pm
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NEUTRAL IMPACT
B. Riley Securities maintains a 'Buy' rating on NYMT but lowers the price target from $20 to $15. This could potentially impact the stock's performance.
The 'Buy' rating maintained by B. Riley Securities indicates a positive outlook for NYMT. However, the lowering of the price target from $20 to $15 might create some uncertainty among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100