DA Davidson Maintains Neutral on Summit Finl Gr, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Manuel Navas maintains a Neutral rating on Summit Financial Group (NASDAQ:SMMF) and raises the price target from $25 to $27.
August 29, 2023 | 2:18 pm
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NEUTRAL IMPACT
DA Davidson maintains a Neutral rating on Summit Financial Group and raises the price target from $25 to $27.
The news directly pertains to Summit Financial Group (SMMF). The analyst from DA Davidson maintains a Neutral rating, indicating no significant change in the company's outlook. However, the increase in price target from $25 to $27 suggests a positive sentiment towards the company's future performance. This could potentially influence investors' decisions, but the overall impact on the stock price in the short term is likely to be neutral due to the maintained Neutral rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100