Keefe, Bruyette & Woods Maintains Market Perform on NewtekOne, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Timothy Switzer maintains a Market Perform rating on NewtekOne (NEWT) and lowers the price target from $17 to $16.

March 07, 2024 | 1:44 pm
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NEGATIVE IMPACT
Keefe, Bruyette & Woods maintains a Market Perform rating on NewtekOne and lowers the price target from $17 to $16.
The reduction in price target by Keefe, Bruyette & Woods could lead to a negative short-term sentiment among investors, potentially causing a decrease in NEWT's stock price. The maintenance of a Market Perform rating indicates a neutral long-term outlook, but the lowered price target suggests a revision of the expected stock performance, which could impact investor confidence negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100