Keefe, Bruyette & Woods Initiates Coverage On Mid Penn Bancorp with Outperform Rating, Announces Price Target of $26
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Tim Switzer has initiated coverage on Mid Penn Bancorp (NASDAQ:MPB) with an Outperform rating and set a price target of $26.
December 05, 2023 | 9:45 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Mid Penn Bancorp received an Outperform rating from Keefe, Bruyette & Woods with a price target of $26, indicating a positive outlook from the analyst.
Analyst ratings, especially initiations of coverage with an Outperform rating, can have a significant positive impact on a stock's short-term price as they often lead to increased investor interest and confidence in the company's future performance. The price target of $26 suggests a potential upside from the current trading price, which could attract investors looking for growth opportunities.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100