Truist Securities Maintains Buy on Live Oak Bancshares, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jennifer Demba has maintained a Buy rating on Live Oak Bancshares (NYSE:LOB) but reduced the price target from $50 to $47.

January 30, 2024 | 1:39 pm
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NEUTRAL IMPACT
Truist Securities reaffirms a Buy rating on Live Oak Bancshares but decreases the price target from $50 to $47.
While the reduction in price target could suggest a slightly less optimistic outlook for Live Oak Bancshares, the maintenance of a Buy rating indicates that Truist Securities still sees the company as a good investment. The impact on the stock price is likely to be neutral in the short term as the positive sentiment of the Buy rating may offset the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100