Stephens & Co. Maintains Equal-Weight on Bank of Marin, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Andrew Terrell has maintained an Equal-Weight rating on Bank of Marin (NASDAQ:BMRC) but has reduced the price target from $24 to $22.
January 30, 2024 | 4:41 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Stephens & Co. has maintained its Equal-Weight rating on Bank of Marin but lowered the price target from $24 to $22, indicating a potential downside or limited upside.
The reduction in price target by Stephens & Co. reflects a more cautious view on the stock's valuation and future price performance. This could lead to a negative investor sentiment in the short term, potentially causing the stock price to adjust downward to align with the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100