JMP Securities Maintains Market Outperform on ACRES Commercial Realty, Raises Price Target to $15.5
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Steven Delaney maintains a Market Outperform rating on ACRES Commercial Realty (ACR) and raises the price target from $14 to $15.5.
April 30, 2024 | 3:57 pm
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POSITIVE IMPACT
ACRES Commercial Realty's rating was maintained at Market Outperform by JMP Securities, with a raised price target from $14 to $15.5.
The upgrade in the price target by a reputable analyst like Steven Delaney suggests a strong confidence in ACRES Commercial Realty's future performance. This is likely to be viewed positively by the market, potentially leading to an increase in the stock price in the short term as investors adjust their expectations based on this new analyst target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100