Apollo Commercial price target raised to $11 from $10.75 at Keefe Bruyette

Keefe Bruyette analyst Jade Rahmani raised the firm’s price target on Apollo Commercial (ARI) to $11 from $10.75 and keeps an Outperform rating on the shares. The positive trajectory for the CMREITs should continue in Q3, with accelerating investment activity and loan resolutions driving earnings growth, the analyst tells investors in a research note.