B. Riley Securities Reiterates Buy on NewtekOne, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Bryce Rowe has reiterated a Buy rating on NewtekOne (NASDAQ:NEWT) but lowered the price target from $19 to $18.
March 07, 2024 | 1:28 pm
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B. Riley Securities has reaffirmed its Buy rating on NewtekOne but reduced the price target from $19 to $18.
The reiteration of the Buy rating suggests a positive outlook on NewtekOne's fundamentals, while the decrease in price target may reflect adjustments in valuation metrics or market conditions. This mixed signal could lead to neutral short-term price movement as investors weigh the continued endorsement against the lowered expectations.
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