Arbor Realty Trust Drops After Analyst Downgrade

Arbor Realty Trust shares plummeted 2.3% in afternoon trading after Piper Sandler lowered its price target, reflecting growing skepticism on Wall Street. Despite the stocks typically steady performance, todays dip is significant, with shares down 43.4% YTD and 44.4% below the 52-week high. Analyst Jade Rahmani led the downgrade, cutting estimates from $11 to $8.50. While downgrades can dampen sentiment, some view beaten-down quality stocks as potential buys if fundamentals remain strong.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.