Raymond James Maintains Outperform on Towne Bank, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Steve Moss has maintained an Outperform rating on Towne Bank (NASDAQ:TOWN) and increased the price target from $28 to $32.
January 05, 2024 | 5:48 pm
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Raymond James analyst Steve Moss has reaffirmed Towne Bank's Outperform rating and raised the price target to $32, indicating a positive outlook on the stock.
The increase in price target by Raymond James suggests a bullish outlook on Towne Bank, which could lead to increased investor confidence and a potential rise in the stock price in the short term. The Outperform rating reaffirmation further supports the positive sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100