JP Morgan Maintains Underweight on Arbor Realty Trust, Lowers Price Target to $11.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains an Underweight rating on Arbor Realty Trust (NYSE:ABR) and lowers the price target from $12 to $11.5.
July 16, 2024 | 2:29 pm
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JP Morgan analyst Richard Shane maintains an Underweight rating on Arbor Realty Trust (NYSE:ABR) and lowers the price target from $12 to $11.5.
The Underweight rating and lowered price target from a major financial institution like JP Morgan is likely to negatively impact Arbor Realty Trust's stock price in the short term. Investors may perceive this as a signal of potential underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100