Keefe, Bruyette & Woods Maintains Market Perform on Shore Bancshares, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Catherine Mealor maintains a Market Perform rating on Shore Bancshares (NASDAQ:SHBI) and lowers the price target from $16 to $14.

May 23, 2023 | 11:31 am
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Shore Bancshares' price target has been lowered from $16 to $14 by Keefe, Bruyette & Woods analyst Catherine Mealor, who maintains a Market Perform rating.
The lowering of the price target for Shore Bancshares by Keefe, Bruyette & Woods analyst Catherine Mealor from $16 to $14 indicates a less optimistic outlook for the stock. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations based on the new price target. The Market Perform rating suggests that the stock is expected to perform in line with the market, but the lowered price target may cause some investors to reconsider their positions.
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