JP Morgan Maintains Neutral on Ares Comml Real Est, Lowers Price Target to $6.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains a Neutral rating on Ares Comml Real Est (NYSE:ACRE) and lowers the price target from $7 to $6.5.
October 17, 2024 | 2:11 pm
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JP Morgan analyst Richard Shane maintains a Neutral rating on Ares Comml Real Est and lowers the price target from $7 to $6.5, indicating a cautious outlook.
The lowering of the price target from $7 to $6.5 by JP Morgan suggests a less optimistic view on ACRE's short-term performance, which could lead to a negative impact on its stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100