Citigroup Initiates Coverage On Prosperity Bancshares with Buy Rating, Announces Price Target of $68
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ben Gerlinger has initiated coverage on Prosperity Bancshares (NYSE:PB) with a Buy rating and set a price target of $68.
December 01, 2023 | 10:30 am
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POSITIVE IMPACT
Prosperity Bancshares received a Buy rating from Citigroup with a price target of $68, indicating a positive outlook from the analyst.
The initiation of coverage by a major financial institution like Citigroup generally results in increased investor interest and can lead to a positive short term price movement, especially when the rating is a Buy and the price target suggests a significant upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100