B. Riley Securities Maintains Buy on New York Mortgage Trust, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Matt Howlett maintains a Buy rating on New York Mortgage Trust (NASDAQ:NYMT) but lowers the price target from $15 to $11.

March 25, 2024 | 1:21 pm
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B. Riley Securities maintains a Buy rating on New York Mortgage Trust but lowers the price target from $15 to $11.
While the maintenance of a Buy rating by B. Riley Securities indicates continued confidence in New York Mortgage Trust's fundamentals, the reduction in the price target from $15 to $11 could signal a reassessment of the company's near-term growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100