Hovde Group Initiates Coverage On Arrow Finl with Market Perform Rating
Portfolio Pulse from Benzinga Newsdesk
Hovde Group analyst Nick Cucharale has initiated coverage on Arrow Financial Corporation (NASDAQ:AROW) with a Market Perform rating.

January 09, 2024 | 12:53 pm
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Arrow Financial Corporation (AROW) received a Market Perform rating from Hovde Group analyst Nick Cucharale, indicating a neutral outlook.
The initiation of coverage by an analyst typically brings additional attention to a stock. A Market Perform rating suggests that the analyst believes the stock will perform in line with the market or its sector peers, which does not imply a significant change in stock price. Therefore, the short-term impact on AROW's stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100