Raymond James Maintains Outperform on Community Bank System, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Steve Moss has maintained an 'Outperform' rating on Community Bank System (NYSE:CBU) but lowered the price target from $60 to $45.
October 25, 2023 | 11:40 am
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Community Bank System's price target has been lowered from $60 to $45 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, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment to some extent.
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IMPORTANCE 80
RELEVANCE 100