Keefe, Bruyette & Woods Maintains Market Perform Rating for Berkshire Hills Bancorp: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keefe, Bruyette & Woods has maintained a Market Perform rating for Berkshire Hills Bancorp (NYSE:BHLB) and increased its price target from $24.00 to $25.00. BHLB's shares are currently trading at $25.16, which is slightly above the new target. The firm offers various financial services including deposit, lending, investment, wealth management, and insurance.
January 30, 2024 | 5:00 pm
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Keefe, Bruyette & Woods reaffirmed a Market Perform rating on Berkshire Hills Bancorp and raised the price target to $25.00, with the stock currently trading at $25.16.
The reaffirmation of the Market Perform rating and a slight increase in the price target suggest a neutral outlook on BHLB's stock. The new target is marginally below the current trading price, indicating limited upside potential. As the rating is unchanged and the price target increase is minimal, the short-term impact on the stock is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100