UPDATE: JPMorgan Downgrades Apollo Commercial Real Estate Finance (ARI) to Neutral Citing Fair Valuation

(updated to add analyst comment)

JPMorgan analyst Richard Shane downgraded Apollo Commercial Real Estate Finance (NYSE: ARI) from Overweight to Neutral with a price target of $18.50.

The analyst comments "Our Neutral rating reflects our view that shares of ARI are fairly valued given recent price appreciation."

For an analyst ratings summary and ratings history on Apollo Commercial Real Estate Finance click here. For more ratings news on Apollo Commercial Real Estate Finance click here.

Shares of Apollo Commercial Real Estate Finance closed at $19.11 yesterday.

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