Keefe, Bruyette & Woods Maintains Underperform on Claros Mortgage Trust, Lowers Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Jade Rahmani maintains an Underperform rating on Claros Mortgage Trust (CMTG) and lowers the price target from $9.75 to $9.5.
April 10, 2024 | 2:32 pm
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Claros Mortgage Trust's price target was lowered from $9.75 to $9.5 by Keefe, Bruyette & Woods, maintaining an Underperform rating.
The reduction in price target by a reputable analyst firm like Keefe, Bruyette & Woods, coupled with the maintenance of an Underperform rating, suggests a bearish outlook on CMTG. This could lead to negative sentiment among investors, potentially causing a short-term decrease in stock price.
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