Raymond James Upgrades OceanFirst Financial to Outperform, Announces $21 Price Target
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Daniel Tamayo upgraded OceanFirst Financial (OCFC) from Market Perform to Outperform and set a price target of $21.
January 05, 2024 | 1:51 pm
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POSITIVE IMPACT
OceanFirst Financial was upgraded by Raymond James from Market Perform to Outperform with a price target of $21.
Upgrades by analysts typically lead to a positive short-term reaction in the stock price as it reflects a positive change in the company's outlook. The new price target of $21 suggests a potential upside from the current trading price, which may attract investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100