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FINWIRES

Redwood Trust Shares Rise After Upgrade From Keefe, Bruyette & Woods

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Redwood Trust (RWT) shares were up 7.5% in afternoon trading on Thursday after Keefe, Bruyette & Woods upgraded the company's stock to outperform from market-perform and adjusted the price target to $6 from $7.

Trading volume stood at more than 3.7 million shares against a daily average of about 2.2 million.

Price: $5.11, Change: $+0.36, Percent Change: +7.47%

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