JP Morgan Maintains Neutral on Claros Mortgage Trust, Lowers Price Target to $6.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains a Neutral rating on Claros Mortgage Trust (NYSE:CMTG) and lowers the price target from $9 to $6.5.
October 17, 2024 | 2:17 pm
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JP Morgan has maintained a Neutral rating on Claros Mortgage Trust but has lowered the price target from $9 to $6.5, indicating a less optimistic outlook.
The lowering of the price target from $9 to $6.5 by JP Morgan suggests a less favorable view on the stock's future performance, which could lead to a negative short-term impact on the stock price.
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