Claros Mortgage price target lowered to $3.50 from $5.25 at UBS

UBS analyst Doug Harter lowered the firm’s price target on Claros Mortgage (CMTG) to $3.50 from $5.25 and keeps a Buy 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.