JMP Securities raised the firm’s price target on Redwood Trust to $9 from $8 and keeps an Outperform rating on the shares. The firm raised its 2023 and 2024 EAD per share estimates to 60c and 85c, respectively, after considering Q2 results, current interest rate and market conditions as well as recent announcements made by the company, the analyst tells investors in a research note.
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