Wedbush Maintains Neutral on Banc of California, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini has maintained a Neutral rating on Banc of California (NYSE:BANC) and increased the price target from $14 to $16.

January 26, 2024 | 1:41 pm
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NEUTRAL IMPACT
Wedbush analyst David Chiaverini maintains a Neutral rating on Banc of California but raises the price target from $14 to $16.
The increase in price target from $14 to $16 by Wedbush suggests a positive outlook on the bank's performance, yet the maintenance of a Neutral rating indicates that the analyst does not see significant short-term movement. The adjustment in price target may lead to a modest positive investor sentiment, but the neutral stance tempers expectations for any major stock price changes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100