Stephens & Co. Maintains Overweight on SmartFinancial, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Matt Olney maintains an Overweight rating on SmartFinancial (NASDAQ:SMBK) but has lowered the price target from $27 to $25.
October 25, 2023 | 3:46 pm
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SmartFinancial's price target has been lowered from $27 to $25 by Stephens & Co., though the Overweight rating is maintained.
The news directly pertains to SmartFinancial as the company's price target has been revised by Stephens & Co. While the Overweight rating suggests that the analyst expects the stock to outperform, the lowering of the price target might create a negative sentiment among investors, potentially impacting the stock's short-term performance.
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IMPORTANCE 80
RELEVANCE 100