Stephens & Co. Initiates Coverage On Towne Bank with Equal-Weight Rating, Announces Price Target of $23
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Russell Gunther has initiated coverage on Towne Bank (NASDAQ:TOWN) with an Equal-Weight rating and a price target of $23.

September 13, 2023 | 9:39 am
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NEUTRAL IMPACT
Towne Bank has been given an Equal-Weight rating by Stephens & Co. with a price target of $23.
The initiation of coverage by Stephens & Co. with an Equal-Weight rating suggests a neutral outlook for Towne Bank's stock in the short term. The price target of $23 provides a benchmark for investors, but does not necessarily indicate a significant change in the stock's current trajectory.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100