Wells Fargo Maintains Overweight on Blackstone Mortgage Trust, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Donald Fandetti maintains an Overweight rating on Blackstone Mortgage Trust (BXMT) but lowers the price target from $22 to $20.
April 25, 2024 | 2:14 pm
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Wells Fargo maintains an Overweight rating on Blackstone Mortgage Trust but lowers the price target from $22 to $20.
The adjustment in price target by a major analyst like Wells Fargo can influence investor sentiment, potentially leading to short-term price fluctuations. However, the maintenance of an Overweight rating indicates a positive outlook on the stock, which could mitigate any negative impact from the lowered price target.
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