RBC Capital Maintains Outperform on Provident Finl Servs, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom has maintained an 'Outperform' rating on Provident Financial Services (PFS), but lowered the price target from $19 to $18.
October 30, 2023 | 6:31 pm
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Provident Financial Services' price target has been lowered from $19 to $18 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential in the stock, which could balance out the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100