Raymond James Maintains Outperform on Amerant Bancorp, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has maintained an Outperform rating on Amerant Bancorp (NYSE:AMTB) but lowered the price target from $24 to $23.
October 23, 2023 | 4:03 pm
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Amerant Bancorp's price target has been lowered from $24 to $23 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. However, the maintenance of the Outperform rating indicates that the analyst still sees potential in the stock, which could balance out the initial negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100