DA Davidson Maintains Buy on United Community Banks, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Kevin Fitzsimmons has maintained a 'Buy' rating on United Community Banks (NASDAQ:UCBI) but lowered the price target from $31.5 to $30.
September 14, 2023 | 2:50 pm
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NEUTRAL IMPACT
United Community Banks' price target has been lowered from $31.5 to $30 by DA Davidson, though the 'Buy' rating is maintained.
The lowering of the price target by DA Davidson could potentially create a negative sentiment among investors. However, the maintenance of the 'Buy' rating indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100