JMP Securities analyst Steven DeLaney raised the firm’s price target on KKR Real Estate Finance (KREF) to $13 from $12.50 and keeps an Outperform rating on the shares. While two loans were downgraded to a 5-rating, both loans were already placed on the watch list, and management believes it has identified the bulk of the potential problem loans in the portfolio, the analyst tells investors in a research note.
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