JP Morgan Maintains Neutral on Claros Mortgage Trust, Lowers Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane has maintained a Neutral rating on Claros Mortgage Trust (NYSE:CMTG) and lowered the price target from $11 to $9.5.
April 10, 2024 | 12:53 pm
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JP Morgan analyst Richard Shane maintains a Neutral rating on Claros Mortgage Trust and lowers the price target from $11 to $9.5.
The reduction in the price target by JP Morgan suggests a bearish outlook on the stock's short-term price movement. Given the influence of analyst ratings and price targets on investor sentiment, this adjustment is likely to negatively impact CMTG's stock price in the short term.
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