Raymond James Maintains Outperform on Dime Community Bancshares, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Steve Moss has maintained an 'Outperform' rating on Dime Community Bancshares (NASDAQ:DCOM) but lowered the price target from $27 to $23.

October 20, 2023 | 1:17 pm
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NEUTRAL IMPACT
Raymond James has maintained an 'Outperform' rating on Dime Community Bancshares but lowered the price target from $27 to $23.
The news is directly about Dime Community Bancshares. The 'Outperform' rating suggests that the analyst expects the stock to do better than the market average, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the analyst expects less upside than before. The net impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100