BofA lowered the firm’s price target on Ares Commercial (ACRE) to $5 from $7 and keeps an Underperform rating on the shares. 2025 is a transitional year as Ares Commercial focuses on resolving underperforming investments, says the firm, which is reducing its 2025 and 2026 EPS estimates to (30c) and 48c from 82c and 92c, respectively.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACRE:
- Ares Commercial Real Estate’s Earnings Call Highlights
- Ares Commercial price target lowered to $5.50 from $6 at Keefe Bruyette
- Ares Commercial price target lowered to $5.50 from $7 at Wells Fargo
- Ares Commercial Real Estate Reports 2024 Financial Results
- Ares Commercial Real Estate Cuts Dividend Amid Losses