JMP Securities lowered the firm’s price target on Ares Commercial to $11 from $13.50 and keeps an Outperform rating on the shares. The company reported a Q1 GAAP loss, though its distributable EPS slightly beat consensus, the analyst tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ACRE:
- Ares Commercial reports Q1 distributable EPS 27c, consensus 23c
- ACRE Upcoming Earnings Report: What to Expect?
- Ares Commercial assumed with Neutral from Buy at BTIG
- Ares Commercial price target lowered to $9 from $11 at JPMorgan
- Ares Commercial downgraded to Market Perform from Outperform at Keefe Bruyette
