Keefe, Bruyette & Woods Maintains Outperform on Metropolitan Bank Holding, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher O'Connell maintains an Outperform rating on Metropolitan Bank Holding (NYSE:MCB) and raises the price target from $57 to $65.
July 25, 2023 | 1:35 pm
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POSITIVE IMPACT
The Outperform rating maintained by Keefe, Bruyette & Woods and the raised price target from $57 to $65 could potentially lead to a positive short term impact on Metropolitan Bank Holding's stock.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, the Outperform rating indicates that the analyst expects the stock to do better than the market average. Furthermore, the raised price target suggests that the analyst sees potential for the stock's price to increase, which could attract more investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100