JP Morgan Maintains Overweight on Redwood Trust, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane maintains an Overweight rating on Redwood Trust (NYSE:RWT) and raises the price target from $7.5 to $8.
October 17, 2024 | 2:23 pm
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JP Morgan analyst Richard Shane has maintained an Overweight rating on Redwood Trust and increased the price target from $7.5 to $8, indicating a positive outlook.
The increase in price target from $7.5 to $8 by JP Morgan suggests a positive outlook for Redwood Trust, likely leading to a short-term increase in stock price. The Overweight rating indicates confidence in the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100