tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Arbor Realty price target lowered to $10 from $11.50 at Piper Sandler

Piper Sandler analyst Crispin Love lowered the firm’s price target on Arbor Realty (ABR) to $10 from $11.50 and keeps an Underweight rating on the shares. The firm notes shares traded down about 13% in trading Friday on negative credit migration and a meaningful decrease in net interest income. However, EPS beat and was driven by a $48M gain in its Lexford Portfolio through a sale, but this was a one-time gain.

Meet Your ETF AI Analyst

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1