Keefe, Bruyette & Woods Maintains Outperform on Redwood Trust, Lowers Price Target to $7.25
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Bose George maintains an Outperform rating on Redwood Trust (NYSE:RWT) but lowers the price target from $7.75 to $7.25.

April 10, 2024 | 3:54 pm
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NEUTRAL IMPACT
Keefe, Bruyette & Woods maintains an Outperform rating on Redwood Trust but lowers the price target from $7.75 to $7.25.
The maintenance of an Outperform rating suggests a positive outlook on Redwood Trust's performance, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in market conditions, valuation concerns, or revised earnings expectations, which might lead to short-term price volatility. The overall neutral score reflects these balanced factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100