Ladder Capital price target raised to $14 from $13 at B. Riley

B. Riley raised the firm’s price target on Ladder Capital to $14 from $13 and keeps a Buy rating on the shares post the Q2 report. With stable credit metrics and a balance sheet “flushed with excess capital,” Ladder is well positioned relative to peers to take advantage of the next commercial real estate cycle which is nearing, the analyst tells investors in a research note.