Keefe, Bruyette & Woods Maintains Market Perform Rating for Ready Capital: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keefe, Bruyette & Woods has maintained a Market Perform rating for Ready Capital (NYSE:RC) but lowered its price target from $10.50 to $10.00. Ready Capital's shares are currently trading up 3.0% at $9.95. The new price target suggests a modest 0.5% upside potential. Ready Capital is a real estate finance company involved in small-balance commercial loans and residential mortgage banking.
November 14, 2023 | 5:00 pm
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NEUTRAL IMPACT
Ready Capital's stock maintains a Market Perform rating by Keefe, Bruyette & Woods with a reduced price target from $10.50 to $10.00, indicating a slight potential upside from the current trading price.
The maintenance of the Market Perform rating suggests that Keefe, Bruyette & Woods does not see significant changes in Ready Capital's fundamentals, while the lowered price target could reflect a conservative outlook on the company's growth or market conditions. The current trading upswing indicates positive investor sentiment, which may counterbalance the reduced target in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100