Raymond James Maintains Strong Buy on Redwood Trust, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Stephen Laws has maintained a Strong Buy rating on Redwood Trust (NYSE:RWT) but has reduced the price target from $10 to $9.

November 28, 2023 | 9:14 am
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Raymond James reaffirmed a Strong Buy rating on Redwood Trust, although the price target was lowered from $10 to $9.
While the reduction in price target could suggest a slightly less optimistic outlook on the stock's valuation, the maintenance of a Strong Buy rating indicates that Raymond James still has a positive view on Redwood Trust's fundamentals. The mixed signals could lead to a neutral short-term impact on the stock price as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100