Piper Sandler Maintains Underweight on Territorial Bancorp, Raises Price Target to $8-Report Released on 29 January 2024
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Andrew Liesch has maintained an Underweight rating on Territorial Bancorp (NASDAQ:TBNK) but increased the price target from $7 to $8.

January 30, 2024 | 2:32 pm
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NEUTRAL IMPACT
Piper Sandler maintains an Underweight rating on Territorial Bancorp but raises the price target from $7 to $8.
While the increase in price target could be seen as a positive signal, the Underweight rating suggests that the analyst believes the stock may not perform as well as its peers in the short term. The impact on the stock price is likely to be neutral as the positive effect of a higher price target is offset by the negative sentiment of the Underweight rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100