Keefe, Bruyette & Woods Downgrades Univest Financial to Market Perform, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Michael Perito has downgraded Univest Financial (NASDAQ:UVSP) from Outperform to Market Perform and lowered the price target from $24 to $20.
October 06, 2023 | 9:15 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Univest Financial has been downgraded by Keefe, Bruyette & Woods from Outperform to Market Perform, with a reduced price target of $20, down from $24.
The downgrade from Outperform to Market Perform suggests that the analyst believes the stock will perform approximately in line with the market in the near future, rather than outperforming it. The reduction in price target from $24 to $20 indicates a lower expected return, which could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100