Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Redwood Trust

Related RWT
Nomura Upgrades Redwood Trust To Buy, Cites Changing Times Over Last 6 Months
Redwood Trust Gains 2%, CEO Bought 20,000 Shares

In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Redwood Trust (NYSE: RWT), and raised its price target from $14.50 to $16.50.

Jefferies noted, “We see the combined effects of BASEL III, Dodd-Frank, and GSE reform as attempting to shift mortgage risk away from taxpayers towards private capital. As the only player with consistent post-crisis new issuance history, we view RWT as a primary beneficiary of these efforts. This research piece outlines RWT's evolving business model and how we foresee RWT benefiting from residential mortgage reform.”

Redwood Trust closed on Tuesday at $15.20.

Latest Ratings for RWT

Dec 2017Keefe Bruyette & WoodsUpgradesMarket PerformOutperform
Nov 2017Deutsche BankMaintainsBuy
Jul 2016Keefe Bruyette & WoodsDowngradesOutperformMarket Perform

View More Analyst Ratings for RWT
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


Related Articles (RWT)

View Comments and Join the Discussion!