Keefe, Bruyette & Woods Downgrades Nicolet Bankshares to Market Perform, Raises Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Damon Delmonte has downgraded Nicolet Bankshares (NYSE:NIC) from Outperform to Market Perform, while raising the price target from $74 to $81.
July 20, 2023 | 9:45 am
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NEUTRAL IMPACT
Nicolet Bankshares has been downgraded to Market Perform from Outperform by Keefe, Bruyette & Woods, but the price target has been raised from $74 to $81.
The downgrade to Market Perform suggests that the stock is expected to perform in line with the market, which could limit its upside potential in the short term. However, the raised price target indicates a positive outlook for the stock's value, which could offset the impact of the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100