JMP Securities analyst Steven DeLaney lowered the firm’s price target on Starwood Property (STWD) to $23 from $24 and keeps an Outperform rating on the shares. Following the release of Q3 results, the firm contends that Starwood “remains the preeminent name in the 24-company Commercial Mortgage REIT sector,” citing the quality and expertise of its external manager and the company’s diverse business lines and investment portfolio.
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Read More on STWD:
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