Keefe, Bruyette & Woods Maintains Market Perform on Ares Comml Real Est, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Jade Rahmani maintains a Market Perform rating on Ares Commercial Real Estate (ACRE) and lowers the price target from $10.25 to $8.
February 26, 2024 | 2:23 pm
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NEGATIVE IMPACT
Ares Commercial Real Estate's price target was lowered from $10.25 to $8 by Keefe, Bruyette & Woods, while maintaining a Market Perform rating.
The reduction in price target by a reputable analyst firm like Keefe, Bruyette & Woods could lead to a negative short-term sentiment among investors, potentially causing a decrease in ACRE's stock price. The maintenance of a Market Perform rating indicates a neutral long-term outlook, but the immediate impact of the price target cut is likely negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100