Keefe, Bruyette & Woods Maintains Outperform on Ellington Financial, Lowers Price Target to $13.25
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Bose George maintains an Outperform rating on Ellington Financial (NYSE:EFC) but lowers the price target from $14 to $13.25.

February 28, 2024 | 4:51 pm
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NEUTRAL IMPACT
Ellington Financial's Outperform rating is maintained by Keefe, Bruyette & Woods, though the price target is reduced from $14 to $13.25.
The maintenance of an Outperform rating suggests a positive outlook on Ellington Financial by the analyst, indicating confidence in the company's future performance. However, the reduction in the price target could reflect a slight adjustment in expectations regarding the company's future growth or profitability, potentially due to new data or market conditions. This mixed signal might lead to a neutral short-term impact on the stock price as investors digest both the continued endorsement and the tempered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90