UBS Initiates Coverage On Redwood Trust with Buy Rating, Announces Price Target of $9
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Douglas Harter has initiated coverage on Redwood Trust (NYSE:RWT) with a Buy rating and set a price target of $9.

December 06, 2023 | 1:07 pm
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UBS analyst Douglas Harter initiated coverage on Redwood Trust with a Buy rating and a price target of $9.
Initiation of coverage by a major financial institution like UBS with a Buy rating typically generates positive sentiment among investors, potentially driving the stock price up in the short term. The price target of $9 suggests a positive outlook for the stock's future performance.
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