Keefe Bruyette cuts Walker & Dunlop price target to $63

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Keefe Bruyette lowered its price target on Walker & Dunlop to $63 from $67 while maintaining an Outperform rating, citing slightly increased caution on the commercial real estate outlook. Separately, Walker & Dunlop announced it arranged $128.23 million in refinancing for a four-property, 986-unit multifamily portfolio in Eugene, Oregon, led by managing director Steven Natale.

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Walker & Dunlop Inc
WD
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Price target cut due to cautious commercial real estate outlook

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