Wunderlich Securities Maintains Redwood Trust Hold, Lowers PT

Wunderlich Securities maintained its Redwood Trust (NYSE: RWT) Hold rating and lowered its Redwood Trust price target from $15 to $12 in a research report published today.

In the report, Wunderlich Securities states, "We continue to believe that RWT can leverage its franchise of intellectual capital and $1.2 billion of financial capital to create value for shareholders, but perhaps not until 2013 or later."

Shares of Redwood Trust were trading at $12.18 at the time of posting, up 0.66% from Friday's market close.