JP Morgan Maintains Neutral on Blackstone Mortgage Trust, Lowers Price Target to $17.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains a Neutral rating on Blackstone Mortgage Trust (BXMT) and lowers the price target from $18.5 to $17.5.

April 25, 2024 | 5:36 pm
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JP Morgan analyst Richard Shane maintains a Neutral rating on Blackstone Mortgage Trust and lowers the price target from $18.5 to $17.5.
The reduction in the price target by JP Morgan reflects a negative outlook on the stock's short-term price potential. Given the analyst's neutral stance remains unchanged, the adjustment in the price target is likely based on valuation concerns or market conditions that could pressure the stock. This could lead to a negative perception among investors, potentially impacting the stock's price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100