Raymond James Maintains Outperform on Stellar Bancorp, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Feaster has maintained an Outperform rating on Stellar Bancorp (NYSE:STEL) but lowered the price target from $27 to $24.

October 30, 2023 | 12:08 pm
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Stellar Bancorp's price target has been lowered from $27 to $24 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 sentiment.
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IMPORTANCE 80
RELEVANCE 100