Raymond James Maintains Outperform on Ready Capital, Lowers Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Stephen Laws has maintained an Outperform rating on Ready Capital (NYSE:RC) but lowered the price target from $13 to $12.
August 23, 2023 | 8:15 am
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Ready Capital's price target has been lowered from $13 to $12 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Outperform rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100