BofA analyst Derek Hewett raised the firm’s price target on Blackstone Mortgage (BXMT) to $20 from $19 and keeps a Neutral rating on the shares after the company reported Q4 results. The firm thinks shares should re-rate higher over time as earnings visibility and economic returns improve, the analyst tells investors.
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Read More on BXMT:
- Blackstone Mortgage Trust Eyes Recovery After Heavy Write-Offs
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- Blackstone Mortgage Trust Names New Chief Financial Officer
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