Keefe, Bruyette & Woods Maintains Market Perform on Ready Capital, Lowers Price Target to $10-Report Released on 13th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Jade Rahmani has maintained a 'Market Perform' rating on Ready Capital (NYSE:RC) but reduced the price target from $10.5 to $10. The report was released on November 13, 2023.
November 14, 2023 | 4:04 pm
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Ready Capital's price target has been lowered from $10.5 to $10 by Keefe, Bruyette & Woods, while maintaining a 'Market Perform' rating.
A reduction in price target by an analyst can often lead to a negative short-term reaction in the stock price as it may signal a reduced growth or profit outlook. The maintenance of a 'Market Perform' rating indicates no change in the overall outlook of the company's performance relative to the market.
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