B. Riley Securities Maintains Neutral on ARMOUR Residential REIT, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Matt Howlett has maintained a Neutral rating on ARMOUR Residential REIT (NYSE:ARR) while raising the price target from $17 to $20.

November 16, 2023 | 3:18 pm
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B. Riley Securities analyst reaffirms Neutral rating on ARMOUR Residential REIT and increases price target from $17 to $20.
The increase in price target by B. Riley Securities suggests a positive outlook on the stock's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals that would justify a more bullish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100