Keefe, Bruyette & Woods Maintains Market Perform on Ares Comml Real Est, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Jade Rahmani maintains a Market Perform rating on Ares Comml Real Est (ACRE) and lowers the price target from $7.5 to $7.
May 10, 2024 | 12:56 pm
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NEGATIVE IMPACT
Keefe, Bruyette & Woods maintained a Market Perform rating on Ares Commercial Real Estate but lowered the price target from $7.5 to $7.
The reduction in price target by a reputable analyst firm like Keefe, Bruyette & Woods could lead to a negative short-term sentiment among investors, potentially causing a decrease in ACRE's stock price. The maintenance of a Market Perform rating indicates a neutral long-term outlook, but the immediate impact of the price target adjustment is likely negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100