DA Davidson Downgrades OceanFirst Financial to Neutral, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Manuel Navas has downgraded OceanFirst Financial (NASDAQ:OCFC) from Buy to Neutral and lowered the price target from $21 to $17.
September 18, 2023 | 11:33 am
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OceanFirst Financial has been downgraded from Buy to Neutral by DA Davidson, with a lowered price target from $21 to $17.
The downgrade from Buy to Neutral by DA Davidson indicates a less optimistic outlook for OceanFirst Financial. The lowered price target from $21 to $17 suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100