Keefe, Bruyette & Woods Maintains Outperform Rating for Amalgamated Financial: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keefe, Bruyette & Woods has reaffirmed its Outperform rating on Amalgamated Financial (NASDAQ:AMAL) and increased its price target from $24.00 to $26.00. Currently, AMAL shares are trading at $21.00, and the new price target suggests a potential upside of 23.81%. Amalgamated Financial is a bank holding company offering a range of commercial banking, investment management, and trust services.
December 01, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Keefe, Bruyette & Woods maintains Outperform rating on AMAL and raises price target to $26, suggesting a 23.81% potential increase from the current price of $21.
The reaffirmation of the Outperform rating and the increase in price target by a reputable analyst firm like Keefe, Bruyette & Woods could lead to increased investor confidence in AMAL, potentially driving the stock price up in the short term. The specific mention of a 23.81% potential upside is a strong positive signal to the market.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100