Keefe, Bruyette & Woods Maintains Market Perform on Territorial Bancorp, Lowers Price Target to $7-Report Released on 13th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Kelly Motta has maintained a 'Market Perform' rating on Territorial Bancorp (NASDAQ:TBNK) but lowered the price target from $12 to $7. The report was released on November 13, 2023.
November 14, 2023 | 4:05 pm
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Keefe, Bruyette & Woods has maintained a 'Market Perform' rating on Territorial Bancorp but reduced the price target from $12 to $7, indicating a potential downside from previous expectations.
The reduction in price target by Keefe, Bruyette & Woods suggests that the analyst sees less upside potential for Territorial Bancorp's stock price in the short term. This could lead to negative sentiment among investors and a potential decrease in the stock price as the market adjusts to the new analyst expectations.
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IMPORTANCE 80
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