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JPMorgan Chase & Co. Has Lowered Expectations for TPG RE Finance Trust (NYSE:TRTX) Stock Price
JPMorgan Chase & Co. has reduced its price target for TPG RE Finance Trust (NYSE:TRTX) from $11.00 to $10.50, though it maintained an “overweight” rating. This adjustment comes amidst mixed analyst sentiment, with a consensus “Hold” rating and several other firms also trimming their price targets or downgrading the stock. Despite missing EPS estimates, TRTX surpassed revenue expectations in its latest quarter, and its shares are currently trading around $8.52.