UBS lowered the firm’s price target on Ready Capital (RC) to $4.75 from $5 and keeps a Neutral rating on the shares. The commercial real estate market has been “showing signs of healing” after three challenging years, but the increased macro uncertainty of the past couple of weeks has lessened the confidence in the pace of the recovery, the analyst tells investors in a research note. The firm sees downside risk to book values and earnings power from incremental problem assets in Q1.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RC:
- Ready Capital files automatic mixed securities shelf
- Largest borrow rate increases among liquid names
- Ready Capital Completes Acquisition of UDF IV
- United Development Funding IV announces pre-closing cash distribution
- Levi & Korsinsky LLP Announces the Filing of a Securities Class Action on Behalf of Ready Capital Corporation(RC) Shareholders
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue