Wells Fargo Maintains Equal-Weight on Claros Mortgage Trust, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Donald Fandetti has maintained an Equal-Weight rating on Claros Mortgage Trust (CMTG) but lowered the price target from $11 to $9.

May 08, 2024 | 2:38 pm
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Wells Fargo has maintained its Equal-Weight rating on Claros Mortgage Trust but reduced the price target from $11 to $9.
The reduction in price target by Wells Fargo suggests a bearish outlook on the stock's short-term price potential, likely due to revised expectations on the company's performance or market conditions. This could lead to negative investor sentiment and a potential decrease in stock price in the short term.
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