JMP Securities Downgrades RAIT Financial Trust (RAS) to Market Underperform
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Price: $0.16 --0%
Rating Summary:
1 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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JMP Securities downgraded RAIT Financial Trust (NYSE: RAS) from Market Perform to Market Underperform with a price target of $1.00.
Analyst Steve DeLaney says non-cash charges generate a substantial erosion of book value.
For an analyst ratings summary and ratings history on RAIT Financial Trust click here. For more ratings news on RAIT Financial Trust click here.
Shares of RAIT Financial Trust closed at $1.68 yesterday.
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