JMP Securities Downgrades Granite Point Mortgage to Market Perform
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Steven Delaney downgraded Granite Point Mortgage (GPMT) from Market Outperform to Market Perform, indicating a neutral outlook on the company's stock.

February 20, 2024 | 10:08 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Granite Point Mortgage was downgraded by JMP Securities from Market Outperform to Market Perform, suggesting a neutral future performance.
The downgrade by a notable analyst like Steven Delaney from JMP Securities directly impacts investor perception and could lead to a neutral short-term price movement for GPMT. The change from Market Outperform to Market Perform suggests that the analyst no longer sees the stock outperforming the market, which could temper investor expectations and influence stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100