Stephens & Co. Maintains Overweight on Red River Bancshares, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Matt Olney maintains an Overweight rating on Red River Bancshares (NASDAQ:RRBI) but lowers the price target from $58 to $55.
October 31, 2023 | 12:59 pm
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NEUTRAL IMPACT
Red River Bancshares' price target has been lowered from $58 to $55 by Stephens & Co., though the Overweight rating is maintained.
The news directly pertains to Red River Bancshares as the company's price target has been lowered by Stephens & Co. However, the Overweight rating is maintained, indicating that the analyst still sees potential in the stock. This could have a neutral impact on the stock's price in the short term as the lowered price target might discourage some investors, but the maintained Overweight rating could also attract others.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100