B. Riley Securities Reiterates Buy on Cherry Hill Mortgage, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Matt Howlett has reiterated a Buy rating on Cherry Hill Mortgage (CHMI) but lowered the price target from $5.5 to $5. This adjustment reflects a revised valuation of the company's stock.

March 21, 2024 | 1:55 pm
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B. Riley Securities reiterates a Buy rating on CHMI but lowers the price target from $5.5 to $5, indicating a positive outlook with a slightly reduced valuation.
The reiteration of the Buy rating suggests a continued positive outlook on CHMI by B. Riley Securities, indicating confidence in the company's fundamentals or future prospects. However, the reduction in the price target could reflect a reassessment of the company's valuation, possibly due to market conditions, recent company performance, or revised earnings expectations. This mixed signal could lead to short-term price stability as investors digest the implications of the adjusted price target against the backdrop of a sustained Buy recommendation.
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