B. Riley Securities Reiterates Buy on Ready Capital, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Matt Howlett has reiterated a Buy rating on Ready Capital (NYSE:RC) but lowered the price target from $13 to $12.
March 04, 2024 | 2:10 pm
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Ready Capital's Buy rating is maintained by B. Riley Securities, but the price target is reduced from $13 to $12.
While the reiteration of the Buy rating by B. Riley Securities suggests continued confidence in Ready Capital's fundamentals and growth prospects, the reduction in the price target may reflect adjustments in valuation metrics or market conditions. This mixed signal could lead to short-term price volatility as investors reassess their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100