UPDATE: Deutsche Bank Reiterates on NorthStar Realty Finance on Multiple Catalysts Ahead
In a report published Wednesday, Deutsche Bank analyst Stephen Laws reiterated a Buy rating on NorthStar Realty Finance (NYSE: NRF), and raised the price target from $17.25 to $17.50.
In the report, Deutsche Bank noted, “In this note, we review catalysts that we believe could occur in the next 12-18 months, driving strong 2015 growth for NSAM and NRF. Additionally, we look at bull and bear valuation scenarios, in which we arrive at a valuation range of $23.35/sh to $12.83/sh, respectively. Due to slight adjustments to our model and valuation, we are increasing our target by 25c to $17.50/sh, which is based on our base case scenario. Maintain Buy.”
NorthStar Realty Finance closed on Tuesday at $15.90.
Latest Ratings for NRF
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 2016 | FBR Capital | Upgrades | Market Perform | Outperform |
| Mar 2016 | Deutsche Bank | Maintains | Buy | |
| Mar 2016 | FBR Capital | Maintains | Outperform |
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Posted-In: Deutsche Bank Stephen LawsAnalyst Color Price Target Analyst Ratings
