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

May 03, 2024 | 1:06 pm
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Wedbush analyst Jay McCanless reiterates a Neutral rating on Redwood Trust with a $6.5 price target.
The reiteration of a Neutral rating and maintenance of a $6.5 price target by Wedbush suggests no significant short-term price movement is expected for Redwood Trust. The analyst's view likely reflects a balanced outlook on the company's prospects, without new catalysts to drive significant price changes.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100