Raymond James Maintains Strong Buy on TPG RE Finance Trust, Lowers Price Target to $8.5
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Stephen Laws has maintained a Strong Buy rating on TPG RE Finance Trust (NYSE:TRTX) but has reduced the price target from $9 to $8.5.
November 30, 2023 | 8:33 pm
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NEUTRAL IMPACT
Raymond James analyst reaffirms a Strong Buy rating on TPG RE Finance Trust but lowers the price target to $8.5, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of a Strong Buy rating suggests that Raymond James continues to see TPG RE Finance Trust as a favorable investment. However, the reduction in the price target could imply a reassessment of the potential growth or a response to market conditions, which may slightly dampen investor enthusiasm in the short term. The impact is scored as neutral (0) because while the rating is positive, the reduction in the price target may offset some of the optimism.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100