Raymond James Maintains Outperform on Heritage Commerce, Lowers Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Feaster maintains an Outperform rating on Heritage Commerce (NASDAQ:HTBK), but lowers the price target from $10.5 to $9.5.
October 30, 2023 | 11:48 am
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Heritage Commerce's price target has been lowered from $10.5 to $9.5 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially lead to a short-term negative impact on Heritage Commerce's stock price. However, the maintained Outperform rating indicates that the analyst still sees potential in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100