Citizens JMP analyst Steven DeLaney lowered the firm’s price target on Redwood Trust (RWT) to $7.50 from $8 and keeps an Outperform rating on the shares. The firm is adjusting price targets on several agency-focused mortgage REITs and hybrid/credit mortgage REITs ahead of the residential mortgage REIT Q1 earnings season kicking off before the market open on Monday, April 21.
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Read More on RWT:
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