Keefe Bruyette Maintains Underperform Rating on Ready Capital Following Target Price Cut
On May 12, Keefe Bruyette & Woods cut its price target for Ready Capital (NYSE:RC) to $1.40 from $1.60 and maintained an 'Underperform' rating. The firm cited ongoing balance sheet repositioning efforts by the company, including significant debt reduction through asset sales.
Tickers: $RCD
Topics: balance_sheet_repositioning dividend_stocks real_estate