Keefe, Bruyette & Woods Maintains Market Perform on CVB Financial, Lowers Price Target to $20-Report Released on 25 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Kelly Motta has maintained a 'Market Perform' rating on CVB Financial (NASDAQ:CVBF) but lowered the price target from $22 to $20, as reported on January 25, 2024.
January 26, 2024 | 2:00 pm
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CVB Financial's price target has been reduced from $22 to $20 by Keefe, Bruyette & Woods, although the 'Market Perform' rating is maintained.
The reduction in price target by an analyst firm can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. However, since the rating remains unchanged, the impact may be somewhat moderated.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100