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BrightSpire Capital upgraded to Buy from Neutral at BTIG

BTIG upgraded BrightSpire Capital (BRSP) to Buy from Neutral with a $7 price target The firm expects the company to grow its loan book another 30% in 2026 given the spike in Q4 origination activity and “low-levered” balance sheet. BrightSpire is “well on its way” to achieving the “two key drivers” for 2026 share outperformance – portfolio growth and sustainable earnings growth, the analyst tells investors in a research note.

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