Wedbush Maintains Neutral on Hanmi Financial, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini has maintained a Neutral rating on Hanmi Financial (NASDAQ: HAFC) and reduced the price target from $21 to $20.
January 24, 2024 | 1:14 pm
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NEGATIVE IMPACT
Wedbush analyst David Chiaverini maintains a Neutral rating on Hanmi Financial and lowers the price target from $21 to $20.
The reduction in price target by a reputable analyst could lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The Neutral rating suggests no significant change in the company's fundamentals, but the lowered price target may indicate a less optimistic view on the stock's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100