Truist Securities Maintains Buy on Prosperity Bancshares, Lowers Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jennifer Demba maintains a 'Buy' rating on Prosperity Bancshares (NYSE:PB) but has lowered the price target from $70 to $61.
September 27, 2023 | 4:48 pm
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NEUTRAL IMPACT
Prosperity Bancshares' price target has been lowered from $70 to $61 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100