Piper Sandler Downgrades Washington Trust Bancorp to Underweight, Announces $26 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Fitzgibbon has downgraded Washington Trust Bancorp (NASDAQ:WASH) from Neutral to Underweight and set a price target of $26.
July 25, 2023 | 4:33 pm
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NEGATIVE IMPACT
Washington Trust Bancorp has been downgraded from Neutral to Underweight by Piper Sandler, with a new price target of $26.
The downgrade from Neutral to Underweight by Piper Sandler indicates a negative outlook for Washington Trust Bancorp. The new price target of $26 also suggests a potential decrease in the stock's value. This could lead to a short-term negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100