Keefe, Bruyette & Woods Maintains Underperform on Granite Point Mortgage, Lowers Price Target to $2.75
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Jade Rahmani maintains an Underperform rating on Granite Point Mortgage (NYSE:GPMT) and lowers the price target from $3.25 to $2.75.
August 12, 2024 | 2:20 pm
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Keefe, Bruyette & Woods analyst Jade Rahmani maintains an Underperform rating on Granite Point Mortgage and lowers the price target from $3.25 to $2.75.
The Underperform rating and lowered price target from $3.25 to $2.75 by Keefe, Bruyette & Woods suggest a negative outlook for Granite Point Mortgage. This is likely to result in a short-term decline in the stock price as investors react to the bearish sentiment.
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IMPORTANCE 80
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