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Ares Commercial price target lowered to $3.75 from $5.25 at UBS

UBS analyst Doug Harter lowered the firm’s price target on Ares Commercial (ACRE) to $3.75 from $5.25 and keeps a Neutral rating on the shares. Recent macro uncertainty has led the firm to lower price targets for commercial mortgage REITs by 17% on average as it contends that the uncertainty is likely to delay the sector’s recovery.

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