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Redwood Trust price target lowered to $10 from $11 at Raymond James
The Fly

Redwood Trust price target lowered to $10 from $11 at Raymond James

Raymond James analyst Stephen Laws lowered the firm’s price target on Redwood Trust to $10 from $11 and keeps a Strong Buy rating on the shares. The firm says that while the company’s Q4 results were below estimates, its long-term thesis of book value growth remains intact given Redwood’s discount on securities portfolio and "strong" underlying credit performance.

Published first on TheFly

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