Barclays Maintains Equal-Weight on BrightSpire Capital, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Terry Ma maintains an Equal-Weight rating on BrightSpire Capital (NYSE:BRSP) and lowers the price target from $8 to $7.

May 02, 2024 | 2:32 pm
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Barclays maintains an Equal-Weight rating on BrightSpire Capital and lowers the price target from $8 to $7.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in BRSP's stock price. The Equal-Weight rating suggests that the analyst views the company as adequately valued at its current price, but the lowered price target indicates a revision of the expected future performance.
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IMPORTANCE 75
RELEVANCE 100