JP Morgan Maintains Overweight on Metropolitan Bank Holding, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Alex Lau maintains an Overweight rating on Metropolitan Bank Holding (NYSE:MCB) but lowers the price target from $60 to $50.
October 05, 2023 | 3:14 pm
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NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on MCB but lowers the price target from $60 to $50. This could potentially impact the stock's performance.
The news of JP Morgan maintaining an Overweight rating on MCB indicates a positive outlook for the company. However, the lowering of the price target from $60 to $50 might create a negative sentiment among investors, potentially impacting the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100