Customers Bancorp shares are trading higher after Raymond James initiated coverage on the stock with a Strong Buy rating and $60 price target.
Portfolio Pulse from Benzinga Newsdesk
Raymond James has initiated coverage on Customers Bancorp with a Strong Buy rating and a price target of $60. This has led to an increase in the trading of Customers Bancorp shares.
September 29, 2023 | 3:01 pm
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POSITIVE IMPACT
Customers Bancorp's stock is trading higher following a Strong Buy rating and a $60 price target from Raymond James.
The Strong Buy rating and $60 price target from Raymond James is a positive signal for Customers Bancorp. This endorsement from a reputable financial institution is likely to boost investor confidence, leading to increased trading and potentially a higher stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100