DA Davidson Downgrades Sandy Spring Bancorp to Neutral, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Manuel Navas has downgraded Sandy Spring Bancorp (NASDAQ:SASR) from Buy to Neutral and lowered the price target from $28 to $22.
October 02, 2023 | 12:10 pm
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Sandy Spring Bancorp has been downgraded from Buy to Neutral by DA Davidson analyst Manuel Navas, with a lowered price target from $28 to $22.
The downgrade from Buy to Neutral indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a decrease in the stock price. The lowered price target also suggests that the analyst believes the stock is currently overvalued, which could further discourage investment.
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