Keefe, Bruyette & Woods Maintains Outperform on Metropolitan Bank Holding, Lowers Price Target to $66-Report Released on 21 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher O'Connell has maintained an Outperform rating on Metropolitan Bank Holding (NYSE:MCB) but lowered the price target from $73 to $66.

January 22, 2024 | 3:52 pm
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NEUTRAL IMPACT
Keefe, Bruyette & Woods reaffirmed an Outperform rating on Metropolitan Bank Holding but reduced the price target from $73 to $66.
The reaffirmation of the Outperform rating suggests a positive outlook on MCB's performance, indicating confidence in the company's fundamentals and growth potential. However, the reduction in the price target could reflect a reassessment of the bank's valuation, possibly due to market conditions or revised earnings expectations. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the positive rating and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100