Raymond James Maintains Outperform Rating for Amerant Bancorp: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James maintains its Outperform rating for Amerant Bancorp (NASDAQ:AMTB) but lowers its price target from $26.00 to $24.00. Shares of Amerant Bancorp are trading down 1.29% at $19.57 per share.
June 16, 2023 | 5:00 pm
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Raymond James maintains Outperform rating for Amerant Bancorp (AMTB) and lowers price target from $26 to $24. Shares are trading down 1.29% at $19.57.
The news of Raymond James maintaining its Outperform rating for Amerant Bancorp is positive for the company, but the lowering of the price target from $26 to $24 may have a neutralizing effect on the stock price in the short term. The shares are already trading down 1.29% at $19.57, and the new price target still represents a 22.67% increase from the current share price. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100