Keefe, Bruyette & Woods Maintains Market Perform on NBT Bancorp, Lowers Price Target to $41-Report Released on 23 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher O'Connell has maintained a 'Market Perform' rating on NBT Bancorp (NASDAQ:NBTB) but lowered the price target from $45 to $41.

January 25, 2024 | 2:21 pm
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NEGATIVE IMPACT
NBT Bancorp's price target has been reduced from $45 to $41 by Keefe, Bruyette & Woods, although the 'Market Perform' rating remains unchanged.
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. However, since the rating remains 'Market Perform', the negative impact may be somewhat mitigated, as the analyst does not suggest that the stock will underperform the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100