Hovde Group Initiates Coverage On Towne Bank with Market Perform Rating, Announces Price Target of $27
Portfolio Pulse from richadhand@benzinga.com
Hovde Group analyst David Bishop has initiated coverage on Towne Bank (NASDAQ:TOWN) with a Market Perform rating and a price target of $27.
August 11, 2023 | 2:20 pm
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Towne Bank has been initiated with a Market Perform rating by Hovde Group, with a price target of $27.
The initiation of coverage by Hovde Group with a Market Perform rating suggests that the analyst believes the stock will perform similarly to other companies in the market over the near term. The price target of $27 provides a reference point for investors, but does not necessarily suggest a strong upward or downward movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100