Keefe, Bruyette & Woods Maintains Market Perform on 1st Source, Raises Price Target to $53-Report Released on 19 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Damon Delmonte has maintained a 'Market Perform' rating on 1st Source (NASDAQ:SRCE) and increased the price target from $52 to $53.
January 22, 2024 | 6:24 pm
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POSITIVE IMPACT
1st Source's stock rating remains 'Market Perform' by Keefe, Bruyette & Woods, with a raised price target from $52 to $53.
The increase in price target by Keefe, Bruyette & Woods suggests a positive outlook on 1st Source's stock value in the short term. This could lead to increased investor confidence and a potential uptick in the stock price, as the new target indicates a belief that the stock is undervalued at its current level.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100