UBS Initiates Coverage On Ares Comml Real Est with Neutral Rating, Announces Price Target of $10.5
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Douglas Harter has initiated coverage on Ares Commercial Real Estate Corporation (ACRE) with a Neutral rating and set a price target of $10.5.

December 06, 2023 | 12:28 pm
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NEUTRAL IMPACT
UBS has initiated coverage on Ares Commercial Real Estate Corporation with a Neutral rating and a price target of $10.5.
The initiation of coverage by UBS with a Neutral rating suggests that the analyst sees the stock performing in line with the market or sector. The price target provides a benchmark for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about ACRE, and the importance is moderate to high for investors considering the new analyst coverage could influence market perception. The confidence level is high due to the clear stance of the analyst and the specificity of the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100