BrightSpire Capital price target lowered to $7 from $8 at Barclays

Barclays analyst Terry Ma lowered the firm’s price target on BrightSpire Capital to $7 from $8 and keeps an Equal Weight rating on the shares. The company’s Q1 earnings beat but its office property exposure could cause a 15c per share drag on cash dividend coverage going forward, the analyst tells investors in a research note.