Raymond James Maintains Outperform on Bank of N.T Butterfield, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Feaster has maintained an 'Outperform' rating on Bank of N.T Butterfield (NYSE:NTB), but lowered the price target from $33 to $29.
October 05, 2023 | 11:54 am
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NEUTRAL IMPACT
Bank of N.T Butterfield's price target has been lowered from $33 to $29 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100