Keefe, Bruyette & Woods Downgrades Luther Burbank Corp Com to Not Rated
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Jacquelynne Bohlen downgraded Luther Burbank Corp (NASDAQ:LBC) from Outperform to Not Rated.
March 05, 2024 | 1:51 pm
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NEGATIVE IMPACT
Luther Burbank Corp was downgraded from Outperform to Not Rated by Keefe, Bruyette & Woods analyst Jacquelynne Bohlen.
Downgrades by analysts, especially from a positive rating like Outperform to Not Rated, can lead to negative investor sentiment and potentially lower stock prices in the short term. Given the direct downgrade, this news is highly relevant and important for investors in LBC, and the confidence in this analysis is high due to the clear and direct nature of the downgrade.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100