Wells Fargo Maintains Overweight on Bank of N.T Butterfield, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler has maintained an 'Overweight' rating on Bank of N.T Butterfield (NYSE:NTB) but lowered the price target from $35 to $30.
October 26, 2023 | 12:50 pm
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Bank of N.T Butterfield's price target has been lowered from $35 to $30 by Wells Fargo, though the 'Overweight' rating is maintained.
The lowering of the price target by Wells Fargo could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Overweight' rating indicates that the bank still sees potential in the stock, which could offset some of the negative impact.
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IMPORTANCE 80
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