Keefe, Bruyette & Woods Downgrades United Community Banks to Market Perform, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Catherine Mealor has downgraded United Community Banks (NASDAQ:UCBI) from Outperform to Market Perform and lowered the price target from $33 to $30.

July 20, 2023 | 9:47 am
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United Community Banks has been downgraded by Keefe, Bruyette & Woods and its price target has been lowered, which could negatively impact its stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. The downgrade from Outperform to Market Perform suggests that the analyst believes the stock will perform in line with the market rather than outperform it. The lowering of the price target from $33 to $30 also indicates a reduced expectation of the stock's future performance. Both these factors could lead to a negative impact on the stock's price in the short term.
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