Keefe, Bruyette & Woods Maintains Outperform on Prosperity Bancshares, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Brady Gailey maintains an Outperform rating on Prosperity Bancshares (NYSE:PB) but lowers the price target from $72 to $70.
July 27, 2023 | 7:11 pm
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NEUTRAL IMPACT
Prosperity Bancshares' price target has been lowered from $72 to $70 by Keefe, Bruyette & Woods, though the Outperform rating is maintained.
The lowering of the price target by Keefe, Bruyette & Woods could potentially create a negative sentiment among investors. However, the maintenance of the Outperform rating indicates that the analyst still sees potential in the stock, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100