Claros Mortgage Trust's Underperform Rating Maintained, Price Target Adjusted to $3.00

Keefe, Bruyette & Woods maintains an "Underperform" rating for Claros Mortgage Trust (CMTG) with a $3.00 price target, a 7.69% decrease from the previous $3.25 target. The decision reflects a cautious stance towards CMTG amid ongoing market conditions. Analyst Jade Rahmani has maintained this rating in recent assessments. Investors should monitor CMTG's performance and market trends closely. The average target price for CMTG is $3.33, with a high estimate of $4.00 and a low estimate of $3.00.