Keefe, Bruyette & Woods Maintains Outperform on Bank of Marin, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Wood Lay maintains an 'Outperform' rating on Bank of Marin (NASDAQ:BMRC), but has lowered the price target from $25 to $23.
July 25, 2023 | 1:22 pm
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Bank of Marin's price target has been lowered from $25 to $23 by Keefe, Bruyette & Woods, though the 'Outperform' rating is maintained.
The lowering of the price target indicates a potential decrease in the stock's value. However, the maintained 'Outperform' rating suggests that the stock is still expected to do better than the market average, which could balance out the impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100