Truist Securities Maintains Hold on Banc of California, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King has maintained a Hold rating on Banc of California (NYSE:BANC) and increased the price target from $13 to $16.
January 30, 2024 | 1:30 pm
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Truist Securities analyst Brandon King reaffirmed a Hold rating on Banc of California and raised the price target from $13 to $16, indicating a positive outlook on the stock's value.
The increase in price target from $13 to $16 by Truist Securities suggests that the analyst sees potential for the stock to rise to this new target, which could positively influence investor sentiment and the stock price in the short term. However, the Hold rating indicates that the analyst does not see significant momentum beyond the new target price in the near future.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100