B. Riley lowered the firm’s price target on Great Ajax to $8 from $10 and keeps a Buy rating on the shares following the Q3 earnings report. NIM compression continues to hurt, while slight delinquency upticks are an expected positive for the top line, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AJX: