Raymond James Maintains Strong Buy on Pacific Premier Bancorp, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Feaster has maintained a 'Strong Buy' rating on Pacific Premier Bancorp (NASDAQ:PPBI), but lowered the price target from $28 to $23.
October 25, 2023 | 11:53 am
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Despite a lowered price target, Pacific Premier Bancorp maintains a 'Strong Buy' rating from Raymond James, indicating continued confidence in the company's performance.
The lowered price target could indicate a potential decrease in the stock's value. However, the 'Strong Buy' rating suggests that Raymond James still sees significant potential in Pacific Premier Bancorp, which could offset any negative impact from the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100