Keefe, Bruyette & Woods Maintains Underperform on Bank of Hawaii, Lowers Price Target to $55-Report Released on 2 2January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Kelly Motta has maintained an Underperform rating on Bank of Hawaii (NYSE:BOH) and reduced the price target from $57 to $55 as reported on 2 January 2024.
January 23, 2024 | 3:21 pm
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Bank of Hawaii's stock rating remains Underperform by Keefe, Bruyette & Woods, with a lowered price target from $57 to $55.
The reduction in price target by an analyst firm typically indicates a bearish outlook on the stock, suggesting that the firm believes the stock will underperform the market or its sector. This can lead to a negative short-term impact on the stock's price as investors may adjust their expectations and valuations accordingly.
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