Keefe, Bruyette & Woods Maintains Market Perform on Hanmi Financial, Lowers Price Target to $18.5-Report Released on 23 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Kelly Motta has maintained a 'Market Perform' rating on Hanmi Financial (NASDAQ:HAFC) but lowered the price target from $20 to $18.5.
January 24, 2024 | 3:10 pm
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Hanmi Financial's price target has been reduced from $20 to $18.5 by Keefe, Bruyette & Woods, although the 'Market Perform' rating is maintained.
A lowered price target can often be interpreted by the market as a negative signal, suggesting that the analyst sees less upside potential for the stock. While the rating remains unchanged, the reduction in the price target may lead to short-term bearish sentiment among investors.
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