Keefe, Bruyette & Woods Maintains Market Perform on Lakeland Bancorp, Lowers Price Target to $16.65-Report Released on 29 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher O'Connell has maintained a 'Market Perform' rating on Lakeland Bancorp (NASDAQ:LBAI) but lowered the price target from $17.5 to $16.65.

January 30, 2024 | 1:41 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Lakeland Bancorp's price target has been reduced from $17.5 to $16.65 by Keefe, Bruyette & Woods, although the 'Market Perform' rating is maintained.
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 short-term negative sentiment among investors, potentially causing a decrease in the stock price. However, since the rating remains 'Market Perform', the impact may be somewhat moderated.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100