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Sunrise Realty price target lowered to $12.50 from $14 at Alliance Global

Alliance Global Partners lowered the firm’s price target on Sunrise Realty Trust (SUNS) to $12.50 from $14 and keeps a Buy rating on the shares. The company provided a preliminary update for Q1 that showed loan commitments of $147.5M, the analyst tells investors in a research note. The firm adjusted Sunrise’s estimate to reflect the Q1 update.

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