Seaport Global Upgrades Berkshire Hills Bancorp to Neutral
Portfolio Pulse from Benzinga Newsdesk
Seaport Global analyst Laurie Havener Hunsicker has upgraded Berkshire Hills Bancorp (NYSE:BHLB) from Sell to Neutral.
January 29, 2024 | 2:50 pm
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POSITIVE IMPACT
Berkshire Hills Bancorp was upgraded by Seaport Global from Sell to Neutral, potentially stabilizing its stock price in the short term.
Upgrades by analysts can lead to increased investor confidence and can result in a positive impact on the stock price. Moving from a Sell to a Neutral rating suggests a more favorable outlook for BHLB, which may attract investors who were previously cautious. This upgrade is likely to be seen as a positive development for BHLB in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100