JPMorgan Downgrades Ares Commercial (ACRE) to Neutral

July 23, 2018 4:59 AM EDT
Get Alerts ACRE Hot Sheet
Price: $15.09 +0.80%

Rating Summary:
    9 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 9 | New: 25
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JPMorgan downgraded Ares Commercial (NYSE: ACRE) from Overweight to Neutral with a price target of $14.00 (from $13.00).

Analyst Richard Shane believes shares are fairly valued as the equity approaches his price target. The analyst believes multiple expansion will be limited due to a combination of scale limitations and industry spread compression.

For an analyst ratings summary and ratings history on Ares Commercial click here. For more ratings news on Ares Commercial click here.

Shares of Ares Commercial closed at $14.00 yesterday.

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