Keefe, Bruyette & Woods Maintains Market Perform on Blackstone Mortgage Trust, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Jade Rahmani maintains a Market Perform rating on Blackstone Mortgage Trust (NYSE:BXMT) and lowers the price target from $20.5 to $18.

April 26, 2024 | 1:25 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Keefe, Bruyette & Woods maintains a Market Perform rating on Blackstone Mortgage Trust and lowers the price target from $20.5 to $18.
The reduction in price target by Keefe, Bruyette & Woods suggests a bearish outlook on Blackstone Mortgage Trust's stock in the short term, likely due to revised expectations on the company's future performance. This could lead to a negative impact on the stock price as investors adjust their expectations based on the new analyst rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100