JP Morgan Maintains Overweight on Redwood Trust, Raises Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains an Overweight rating on Redwood Trust (NYSE:RWT) and raises the price target from $7 to $7.5.
July 16, 2024 | 2:47 pm
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POSITIVE IMPACT
JP Morgan analyst Richard Shane maintains an Overweight rating on Redwood Trust and raises the price target from $7 to $7.5.
The Overweight rating and increased price target from a reputable analyst at JP Morgan is likely to boost investor confidence in Redwood Trust, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100