Wolfe Research upgraded Blackstone Mortgage (BXMT) to Outperform from Peer Perform with a $20 price target The company’s trough earnings are expected to inflect over the next year due to a strong origination pipeline and healthy repayments, the analyst tells investors in a research note. The 2025 dip from recent earnings due to the company receiving a record level of repayments is a good sign of the health of the refinancing market, and earnings will begin to inflect and rise into 2026, Wolfe adds.
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Read More on BXMT:
- Blackstone Mortgage upgraded to Outperform from Peer Perform at Wolfe Research
- Blackstone Mortgage reports Q3 EPS 39c, consensus 31c
- BXMT Earnings this Week: How Will it Perform?
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