Arbor Realty price target raised to $16 from $15 at Raymond James

Raymond James analyst Stephen Laws raised the firm’s price target on Arbor Realty to $16 from $15 and keeps an Outperform rating on the shares. Raymond James expects Arbor to benefit from lower rates through increasing new investment opportunities in the structured business, likely better portfolio performance as borrowers are more likely to protect assets, potentially lower loss severities on resolutions, and increasing volume in the agency segment, the analyst tells investors in a research note.