Wedbush Maintains Neutral on Redwood Trust, Raises Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless maintains a Neutral rating on Redwood Trust (NYSE:RWT) and raises the price target from $6.5 to $7.
August 02, 2024 | 1:24 pm
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Wedbush analyst Jay McCanless maintains a Neutral rating on Redwood Trust and raises the price target from $6.5 to $7.
The raised price target from $6.5 to $7 indicates a positive outlook from the analyst, which could lead to a short-term increase in stock price. However, the Neutral rating suggests limited upside potential.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100