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Franklin BSP Realty Trust price target raised to $15.50 from $15 at Raymond James

Raymond James raised the firm’s price target on Franklin BSP Realty Trust to $15.50 from $15 and keeps a Strong Buy rating on the shares. Raymond James expect Franklin BSP Realty to benefit from lower rates through increasing new investment opportunities, likely better portfolio performance as borrowers are more likely to protect assets, potentially lower loss severities on resolutions, and increasing volume in the conduit business, the analyst tells investors in a research note.

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