JP Morgan Maintains Neutral on Ares Comml Real Est, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains a Neutral rating on Ares Commercial Real Estate (ACRE) and lowers the price target from $8 to $7.
April 10, 2024 | 12:42 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
JP Morgan analyst Richard Shane maintains a Neutral rating on Ares Commercial Real Estate (ACRE) and lowers the price target from $8 to $7.
The lowering of the price target by JP Morgan indicates a reduced expectation of ACRE's stock performance in the near term. This adjustment reflects a more cautious outlook on the company's valuation, potentially leading to a negative impact on investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100