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Apollo Commercial upgraded to Outperform from Market Perform at Keefe Bruyette

Keefe Bruyette upgraded Apollo Commercial (ARI) to Outperform from Market Perform with an unchanged price target of $10. Some commercial mortgage real estate investment trusts are positioned to benefit from stronger loan originations and credit resolutions in 2025, while others remain weighed down by ongoing credit and liquidity challenges, the analyst tells investors in a research note. The firm expects further pressure in life science and transitional multifamily. Rising macro uncertainty “adds a new layer of risk, potentially exposing stress in sectors that have not experienced losses,” contends Keefe. It upgraded Apollo Commercial as part of a Q1 earnings preview.

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