Raymond James Maintains Outperform on Third Coast Bancshares, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Michael Rose has maintained an 'Outperform' rating on Third Coast Bancshares (NASDAQ:TCBX) but lowered the price target from $23 to $20.
October 27, 2023 | 1:46 pm
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Third Coast Bancshares' price target has been lowered from $23 to $20 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 impact.
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IMPORTANCE 80
RELEVANCE 100