Raymond James Maintains Strong Buy on Prosperity Bancshares, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has maintained a 'Strong Buy' rating on Prosperity Bancshares (NYSE:PB) but lowered the price target from $68 to $65.
October 26, 2023 | 8:13 am
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Prosperity Bancshares' price target has been lowered from $68 to $65 by Raymond James, though the 'Strong Buy' rating is maintained.
The news directly pertains to Prosperity Bancshares as the company's price target has been revised by Raymond James. While the lowering of the price target might indicate a potential downside, the maintenance of the 'Strong Buy' rating suggests that the analyst still sees significant upside potential. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100