Keefe, Bruyette & Woods Maintains Market Perform on Westamerica Bancorp, Lowers Price Target to $58-Report Released on 18 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Kelly Motta has maintained a 'Market Perform' rating on Westamerica Bancorp (NASDAQ:WABC) but lowered the price target from $60 to $58.
January 19, 2024 | 2:05 pm
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Westamerica Bancorp's price target has been reduced from $60 to $58 by Keefe, Bruyette & Woods, although the 'Market Perform' rating is maintained.
The reduction in price target by an analyst can be seen as a negative signal, suggesting that the analyst sees less upside potential for the stock. This could lead to short-term negative sentiment among investors, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100