JP Morgan Maintains Neutral on Apollo Comml Real Est, Lowers Price Target to $10.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains a Neutral rating on Apollo Comml Real Est (NYSE:ARI) and lowers the price target from $11 to $10.5.
April 10, 2024 | 12:44 pm
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NEGATIVE IMPACT
JP Morgan has maintained a Neutral rating on Apollo Comml Real Est and reduced the price target from $11 to $10.5.
The reduction in price target by a reputable analyst like Richard Shane from JP Morgan could lead to a negative short-term sentiment among investors, potentially causing a decrease in ARI's stock price. The Neutral rating suggests no significant positive catalysts in the near term to counterbalance the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100