CLAROS MORTGAGE TRUST INC : UBS CUTS TO NEUTRAL FROM BUY; CUTS TARGET PRICE TO $2.75 FROM $3.75
UBS has downgraded Claros Mortgage Trust Inc. (CMTG.N) from a "Buy" rating to "Neutral." Concurrently, the firm has reduced the target price for CMTG from $3.75 to $2.75. This adjustment reflects a revised outlook from UBS regarding the mortgage trust.