UBS Initiates Coverage On Rithm Capital with Buy Rating, Announces Price Target of $12.5
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Douglas Harter has initiated coverage on Rithm Capital (NYSE:RITM) with a Buy rating and set a price target of $12.5.

December 06, 2023 | 1:00 pm
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Rithm Capital has been given a Buy rating by UBS with a price target of $12.5, indicating a positive outlook from the analyst.
The initiation of coverage by a major financial institution like UBS with a Buy rating typically generates positive investor sentiment and can lead to an increase in stock price in the short term. The price target of $12.5 suggests that UBS sees potential for significant upside from the current trading price, which may attract investors.
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IMPORTANCE 90
RELEVANCE 100