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Redwood Trust downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette analyst Bose George downgraded Redwood Trust (RWT) to Market Perform from Outperform with a $6.50 price target as part of a Q2 earnings preview for the mortgage real estate investment trusts. The firm cites a lack of near-term catalysts for the downgrade as it expects Redwood’s returns on equity to remain in the single digits in 2025.

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