Wells Fargo Maintains Equal-Weight on Redwood Trust, Lowers Price Target to $3.5
Wells Fargo analyst Donald Fandetti maintains Redwood Trust (NYSE:RWT) with a Equal-Weight and lowers the price target from $6 to $3.5.
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Why It Matters
A big bank analyst says Redwood Trust stock should cost much less now. Watch how the company makes money from mortgages to see if prices keep dropping.
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