Wells Fargo Maintains Overweight on Bank of N.T Butterfield, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler has maintained an Overweight rating on Bank of N.T Butterfield (NYSE:NTB) but lowered the price target from $40 to $35.
October 04, 2023 | 1:14 pm
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Bank of N.T Butterfield's price target has been lowered from $40 to $35 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo indicates a potential decrease in the stock's value in the short term. However, the maintenance of the Overweight rating suggests that the stock is still expected to outperform its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100