Stephens & Co. Maintains Equal-Weight on Civista Bancshares, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Terry McEvoy maintains an Equal-Weight rating on Civista Bancshares (NASDAQ:CIVB) and lowers the price target from $20 to $19.
February 09, 2024 | 6:04 pm
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Stephens & Co. maintains an Equal-Weight rating on Civista Bancshares and lowers the price target from $20 to $19.
The reduction in price target by Stephens & Co. could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Civista Bancshares. The maintenance of an Equal-Weight rating indicates that the analyst sees the stock as fairly valued at its current price, but the lowered price target suggests a reduced growth or performance outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100