There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Regency Centers (REG – Research Report) and Rithm Capital (RITM – Research Report) with bullish sentiments.
Regency Centers (REG)
BTIG analyst Michael Gorman maintained a Buy rating on Regency Centers yesterday and set a price target of $67.00. The company’s shares closed last Thursday at $63.55.
According to TipRanks.com, Gorman is a 4-star analyst with an average return of 6.9% and a 59.2% success rate. Gorman covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, Mid-America Apartment, and Independence Realty.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regency Centers with a $69.25 average price target, a 6.3% upside from current levels. In a report released today, BMO Capital also maintained a Buy rating on the stock with a $73.00 price target.
Rithm Capital (RITM)
In a report issued on February 8, Eric Hagen from BTIG maintained a Buy rating on Rithm Capital, with a price target of $13.00. The company’s shares closed last Thursday at $9.44.
According to TipRanks.com, Hagen is a 1-star analyst with an average return of -3.5% and a 39.3% success rate. Hagen covers the Financial sector, focusing on stocks such as Broadmark Realty Capital, Kkr Real Estate Finance, and BrightSpire Capital.
Currently, the analyst consensus on Rithm Capital is a Strong Buy with an average price target of $11.75.
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