Wedbush Initiates Coverage On Ready Capital with Neutral Rating, Announces Price Target of $11
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless has initiated coverage on Ready Capital (NYSE:RC) with a Neutral rating and a price target of $11.
October 17, 2023 | 12:24 pm
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NEUTRAL IMPACT
Ready Capital (NYSE:RC) has been initiated with a Neutral rating by Wedbush, with a price target of $11.
The initiation of coverage by Wedbush with a Neutral rating indicates that the analyst believes the stock is fairly valued at current levels. The price target of $11 provides a reference point for investors, but does not necessarily suggest significant upside or downside. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100