Keefe, Bruyette & Woods Maintains Market Perform on TriCo, Lowers Price Target to $42-Report Released on 25 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Kelly Motta has maintained a 'Market Perform' rating on TriCo Bancshares (NASDAQ:TCBK) but has lowered the price target from $44 to $42, as reported on January 25, 2024.
January 26, 2024 | 2:19 pm
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TriCo Bancshares' price target has been reduced from $44 to $42 by Keefe, Bruyette & Woods, although the 'Market Perform' rating remains unchanged.
The reduction in price target by an analyst can be seen as a negative signal, suggesting a lower expected future stock price. This could lead to a short-term negative sentiment among investors, potentially causing a decrease in the stock price of TriCo Bancshares.
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IMPORTANCE 75
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