Janney Montgomery Scott Upgrades Shore Bancshares to Buy
Portfolio Pulse from richadhand@benzinga.com
Janney Montgomery Scott analyst John Rodis has upgraded Shore Bancshares (NASDAQ:SHBI) from Neutral to Buy.
August 15, 2023 | 11:31 am
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POSITIVE IMPACT
Shore Bancshares has been upgraded from Neutral to Buy by Janney Montgomery Scott, which could positively impact the stock's performance.
Analyst upgrades typically have a positive impact on a company's stock as they indicate increased confidence in the company's performance. In this case, the upgrade from Neutral to Buy suggests that the analyst believes the stock will outperform the market, which could lead to increased demand for the stock and a rise in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100