Keefe, Bruyette & Woods Maintains Outperform on Luther Burbank, Lowers Price Target to $11-REPORT RELEASED ON 20TH NOVEMEBER 2023
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Jacquelynne Bohlen has maintained an Outperform rating on Luther Burbank (NASDAQ:LBC) but reduced the price target from $12.75 to $11.
November 21, 2023 | 1:17 pm
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NEGATIVE IMPACT
Luther Burbank's Outperform rating is maintained by Keefe, Bruyette & Woods, but the price target is lowered from $12.75 to $11.
The reduction in price target by Keefe, Bruyette & Woods, despite maintaining an Outperform rating, could lead to a negative perception among investors, potentially causing a short-term dip in Luther Burbank's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100