BTIG Maintains Buy on Ready Capital, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Timothy Hayes has maintained a Buy rating on Ready Capital (NYSE:RC) but has lowered the price target from $12 to $10.
April 17, 2024 | 4:49 pm
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NEUTRAL IMPACT
BTIG maintains a Buy rating on Ready Capital but lowers the price target from $12 to $10.
While the maintenance of a Buy rating by BTIG indicates continued confidence in Ready Capital's fundamentals and future prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions that might temper short-term price performance expectations. The direct mention and specific action taken by a reputable analyst firm like BTIG can influence investor sentiment and potentially impact the stock's short-term trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100