Piper Sandler Downgrades Amerant Bancorp to Neutral, Announces $25 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Stephen Scouten has downgraded Amerant Bancorp (NYSE:AMTB) from Overweight to Neutral and set a price target of $25.
January 26, 2024 | 10:40 am
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NEGATIVE IMPACT
Amerant Bancorp was downgraded by Piper Sandler from Overweight to Neutral with a new price target of $25.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target of $25 provides a reference point that may influence investor expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100