B. Riley Securities Reiterates Buy on Great Ajax, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Matt Howlett has reiterated a Buy rating on Great Ajax (NYSE:AJX) but lowered the price target from $8 to $6.

March 21, 2024 | 1:53 pm
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NEUTRAL IMPACT
Great Ajax's Buy rating is maintained by B. Riley Securities, but the price target is reduced from $8 to $6.
While the reiteration of the Buy rating by B. Riley Securities suggests continued confidence in Great Ajax's fundamentals, the reduction in the price target from $8 to $6 could indicate a reassessment of the company's future growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100