April 10, 2013 at 09:05 AM EDT
UPDATE: Bank of America Upgrades Starwood Property Trust to Buy Following Recent Stock Offering
In a report published Wednesday, Bank of America analyst Kenneth Bruce upgraded the rating on Starwood Property Trust (NYSE: STWD ) from Neutral to Buy, and raised the price target from $28.50 to $30.50. In the report, Bruce noted, “With the equity issuance behind it, we think STWD shares could
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