Raymond James Downgrades NBT Bancorp to Outperform, Lowers Price Target to $38
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Steve Moss downgraded NBT Bancorp (NASDAQ:NBTB) from Strong Buy to Outperform and lowered the price target from $47 to $38.
June 06, 2023 | 11:39 am
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NEGATIVE IMPACT
NBT Bancorp downgraded to Outperform by Raymond James, with a lowered price target of $38.
The downgrade from Strong Buy to Outperform and the lowering of the price target from $47 to $38 by Raymond James analyst Steve Moss may have a negative short-term impact on NBT Bancorp's stock price. Investors may perceive this as a sign of reduced confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100