Ladder Capital price target raised to $13 from $12 at B. Riley

B. Riley analyst Matt Howlett raised the firm’s price target on Ladder Capital to $13 from $12 and keeps a Buy rating on the shares. The company reported strong Q1 results, says the analyst, who sees minimal downside risk to book given Ladder’s portfolios credit quality and cash cushion, with the buyback re-upped to $75M.