RBC Capital Maintains Sector Perform on Berkshire Hills Bancorp, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom has maintained a 'Sector Perform' rating on Berkshire Hills Bancorp (NYSE:BHLB) but lowered the price target from $23 to $22.
October 23, 2023 | 3:01 pm
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NEGATIVE IMPACT
Berkshire Hills Bancorp's price target has been lowered from $23 to $22 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the short-term value of Berkshire Hills Bancorp's stock. However, the maintenance of the 'Sector Perform' rating suggests that the company is still expected to perform on par with other companies in the sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100