Keefe, Bruyette & Woods Maintains Market Perform on Ares Comml Real Est, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Jade Rahmani maintains a Market Perform rating on Ares Commercial Real Estate (ACRE) and lowers the price target from $8 to $7.5.

April 10, 2024 | 1:52 pm
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Ares Commercial Real Estate's price target was lowered from $8 to $7.5 by Keefe, Bruyette & Woods, but the Market Perform rating was maintained.
The reduction in price target by a reputable analyst firm like Keefe, Bruyette & Woods could lead to a negative short-term sentiment among investors, potentially causing a decrease in ACRE's stock price. However, maintaining the Market Perform rating suggests that the firm does not foresee significant long-term negative impacts, moderating the potential price drop.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100