Keefe, Bruyette & Woods Maintains Market Perform on Renasant, Raises Price Target to $34-Report Released on 29 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Catherine Mealor has maintained a 'Market Perform' rating on Renasant (NYSE:RNST) and increased the price target from $33 to $34.
January 30, 2024 | 1:45 pm
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POSITIVE IMPACT
Renasant's stock may see a positive impact as Keefe, Bruyette & Woods raised the price target from $33 to $34 while maintaining a 'Market Perform' rating.
The increase in price target by a reputable analyst firm like Keefe, Bruyette & Woods typically signals a positive outlook on the stock, suggesting that the firm believes the stock has potential to grow and is currently undervalued at its previous target. This can lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100