Wedbush Reiterates Neutral on Redwood Trust, Maintains $6.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless has reiterated a Neutral rating on Redwood Trust (NYSE:RWT) and maintained a $6.5 price target.

May 01, 2024 | 12:44 pm
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Wedbush analyst Jay McCanless reiterated a Neutral rating on Redwood Trust with a maintained price target of $6.5.
The reiteration of a Neutral rating and maintenance of the price target by a reputable analyst like Jay McCanless suggests stability in the company's outlook. However, as there is no change in the rating or price target, the immediate impact on the stock price is likely to be minimal, reflecting a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100