Wells Fargo Maintains Redwood Trust at Equal-Weight, Lowers Price Target
Wells Fargo has maintained its "Equal-Weight" rating on Redwood Trust, Inc. while reducing its price target from $6.00 to $3.50.
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Citizens Maintains Market Outperform on Redwood Trust, Lowers Price Target to $4
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Redwood Trust (RWT) Reports Q3 Earnings: What Key Metrics Have to Say
Redwood Trust reported $40.6 million in revenue for Q3 2026, up 170.7% year-over-year and beating consensus estimates by 8.95%. However, EPS of $0.18 missed expectations of $0.22 by 18.18%. Key metrics showed significant underperformance, particularly in non-interest income categories, with total non-interest income at -$27.7 million versus the $57.48 million estimate. The stock has underperformed the broader market and carries a Zacks Rank #5 (Strong Sell) rating.
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BTIG analyst Douglas Harter maintains Redwood Trust (NYSE:RWT) with a Buy and lowers the price target from $6 to $5.