Janney Montgomery Scott Initiates Coverage On Macatawa Bank with Buy Rating, Announces Price Target of $11
Portfolio Pulse from richadhand@benzinga.com
Janney Montgomery Scott analyst Daniel Cardenas has initiated coverage on Macatawa Bank (NASDAQ:MCBC) with a Buy rating and a price target of $11.
August 30, 2023 | 10:30 am
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Macatawa Bank has been initiated with a Buy rating by Janney Montgomery Scott, with a price target of $11.
The initiation of coverage by Janney Montgomery Scott with a Buy rating is a positive signal for Macatawa Bank. The price target of $11 suggests that the analyst sees potential for the stock's price to increase. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100