Raymond James Maintains Strong Buy on Coastal Finl, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Feaster maintains a Strong Buy rating on Coastal Finl (NASDAQ:CCB) but lowers the price target from $57 to $53.
October 31, 2023 | 5:26 pm
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NEUTRAL IMPACT
Despite the lowered price target from $57 to $53, Raymond James maintains a Strong Buy rating on Coastal Finl (NASDAQ:CCB).
The news is directly about Coastal Finl (NASDAQ:CCB). The lowered price target might cause some short-term negative sentiment among investors. However, the maintained Strong Buy rating indicates that the analyst still sees significant upside potential in the stock, which could offset the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100