Wells Fargo Maintains Equal-Weight on Redwood Trust, Raises Price Target to $8.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Donald Fandetti maintains an Equal-Weight rating on Redwood Trust (NYSE:RWT) and raises the price target from $7.5 to $8.5.
September 20, 2024 | 2:44 pm
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Wells Fargo has maintained its Equal-Weight rating on Redwood Trust and increased the price target from $7.5 to $8.5, indicating a positive outlook.
The increase in the price target from $7.5 to $8.5 by Wells Fargo suggests a positive outlook for Redwood Trust, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target price is a positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100